Pegboard Shelves store a lot of tools with only two pegs. Bend the pegs to about 85 degrees. Use 1 x 3 boards for shelves, customize slots for tools, drill peg holes from end, hammer pegs in, make sure they fit tightly.
Let's see your pliers racks [ homemade & bought] - Page 6 - The Garage Journal Board. It isnt pegboard but pinning so i can make one & attach to my pegboard org. Much needed pliers organizer from a test tube rack.