Hi Julie @wldlzrd1,
A word of caution about the electrical tape. The glue tends to bleed and the tape tends to move a bit over time, and it gets to be a sticky mess. Maybe 3M tape isn't like that but the tapes that I have tried are. I find masking tape to work a lot better. If you shop around you will find a variety of colors.
I tape many of my small tools because otherwise I simply can't see them. I know that sounds strange, but I tend to not see a grey steel center punch on my bench, ditto other grey, black, or silver tools. However, if my center punch has some violet tape around it, even if I can't tell you what color tape is on that tool, the instant my eye sees that color I know I have spotted the center punch. Quirky, idiosyncratic, whatever, that is how my eyesight works.
Anyway, I suggest you try masking tapes and metal paints, such as Rustoleum. Paint may chip, but enough will remain so you will spot the tool you want in an instant, and you can always repaint. Sticky tape glue is a drag.
eccentric Neil A