I bought the previous version of this about six years ago and enjoyed six years of perfect performance. I'm just a home DIYer, but I use my big compressor frequently - not every day for eight hours a day - but some air tool is employed several hours a week every week. The previous version did what I needed it to for years.But it died *suddenly* and without warning, developing a serious leak in the regular to the outside. I had a good experience, so I bought this updated model. I can't tell much out of an outside difference - two mounting holes instead of three, otherwise it seems identical.The only issue I had installing was the 3/4" NPT feed was leaky, and I'm not the type to wrench down on pipe connections to stop leaks. It could have just as easily been the input pipe as this regulator, so I used some Permatex HIgh Performance Thread Sealant, let it cure, and fired up the compressor. Solved without force.I've been using it for weeks now and it works as well as the old one - the water separator works great, pressures are rock solid, and the price point makes it a great option versus the questionable stuff you'll find at home improvement stores. Some day I'll try my hand at paint, and look to Pneumatic Plus to make that happen.