Yes, that is why it's called consolidation. Again, the same strength for less inventory.
THe whole reason SE created situational gear in the first place is because they consider having many effects on one item - even if you can carry multiple items that have those effects in total - too strong, or at least stronger. They want people to decide what to bring with them, rather than bringing everything.

Again, I'm just giving you their perspective. I'd love it if I could just have one set of items that does everything. But that's really not likely to happen.

That's 14-17 inventory there, minus 3 for space back from universal tools. Your 71/80 ninja would be at 82/80 to 85/80.

The same applies with corsair, who went from cards for every element of shots to universal cards.
There is a trade-off though: The universal tools and cards cost more. They feel there must always be a tradeoff for convenience like this, it seems.