I would go with drawers or shelves, leave the pegboard for a wall or back of the door. Those peg hooks hurt if you accidently get against them (How do I know?) My pegboard now hangs at the end of the cutting table on the wall, not underneath, and all my cutting tools are in easy reach. Big rulers are on pegboard behind the door, and rulers I use the most are in small altered old 45 record or cd racks that I can easily reach.