By all means, get the newer one with VG-10. The reason that there are 2 versions, an old and new, is due to the fact that Spyderco allows their designs to evolve with the company, when something can be upgraded for a reasonable price, it is done. The new version has better steel in it than the old, and the construction was upgraded also. I just got a new one and I love it, lock up, fit, and finish are all 100%. The only older model I have seen had a terrible liner problem, so if you do by chance get one of those, make sure you look at the liner first, this one's lock was all the way against the far liner. Mine is perfectly placed on the left half of the blade. If you look around, you can pick one up for 95 shipped from some of the dealers here, an outstanding deal in my opinion.