I had the original v1 with the older screws, and just got one of the V3's that Russ had up in the contest. I love it. It's much better than the v1. I never used the gizmo, but I know Russ said that it was somewhat difficult to maintain the proper tension, but the coil master is so easy peasy. I've never had need to wind backwards, but if I ever recoil my marquis again, I will use that feature then from what I understand. Love that it's bigger, much easier for my hands to hold and much more comfy. Like the longer rods, and didn't think I would til I used them.