The new 301's with the hollow grind are still fine working knives.
They are made a little different than the older ones (triple spring, rather than double spring).
I think you will find they cut well!
A Swindon Key construction is a method of making handle scales out of stamped metal.
Typically thin metal. Their handle scales are not through pinned to the liners.
I have one or two constructed like that. Much cheaper way to make a knife, and not as durable or repairable.
I just tightened up the pivots on an old flat ground 301 in Bucks old 435 m steel. Honestly the 420HC is a better eveey day user steel to me. Easier to get sharper in my experience.
Here are a few pics of the flat ground compared to the hollow ground version. Top is newer version in this pic.
Three springs for the hollow ground version.below.
Flat ground on top in this pic.
I put the old one in a vice and tightened the pivots, then peened the pivot pin up, before cleaning up the bolsters. Some one else had tried to tighten them up, it appeared, by hammer and screw driver, so there were a few small gouges in the bolsters and pins I just left in. Did not want to remove more material.
The hollow ground one went ro my older son.
Of worthy note, is that the hollow ground 301's currently are pinned/bolstered, not Swindon key construction. So they are solid knives!