The tip down only might be annoying, though. What's up with that?
Originally the Military only had one liner (for the lockbar), and that was the only place to anchor the clip. More recently a second liner has been added, but I guess they figure since the lock is right hand only the lefties will just have to wait for the left hand version.
This is a tough one. These two are my top all time favorite medium sized folders (get a Hossom Retribution or Voyager for something large).
The blade shape of the Military is virtually perfect. If you want a blade to cut as efficiently as possible without being horribly fragile, this is it. While the blade profile of the 0200 isn't specifically anything special, the way it is positioned makes maximum use of the space available.
Where the Military gives you a choil to choke up on the blade, the 0200 is almost in that position all the time. The long thumb ramp naturally keeps your thumb on top of the base of the blade, giving you good leverage in a cut.
The handles are designed very differently. One made for security, one for control. The 0200 is kind of bulbous, and locks your hand in place with its deep index finger groove. I doubt anyone would ever get cramps using it. The Military curves to cradle each finger appropriately, wider for the long fingers and less for the smaller ones. I specifically appreciate the how the handle on the Military keeps its width right to the butt end of the handle, extending out past the point where your pinky finger sits. This way it maintains contact with the full width of your palm.
As for opening methods. The Spyderhole takes virtually no thought to use, where the flipper takes a little more effort to open consistently. If you get the technique right either one can be opened lightning fast. It should be noted that the thumb studs on the 0200 work beautifully as well, I actually enjoy using them (as opposed to grinding them off).
On the whole I prefer the flipper, since the hole will bind in a deep cut, but in this case the Military will out cut the 0200 in pretty much every scenario, so they come out even this time.
While the liner lock on the 0200 is definitely very beefy, I'd have to rate the two as equals in security. The 0200 can probably take a higher static load, but the Military is designed so well (dished tang with a curved lockbar, as opposed to the flat tang and straight lockbar on the 0200) that I doubt one would be any more reliable than the other.
IMO, while both knives do just about everything right, the Military is my No. 1 ultimate utility knife. The 0200 is really fun to have, but when there's cutting to be done the Military is the one that's 100% designed to complete that task. It excels at precise cuts as well as binding way less in stiff material (until you hit the hole

).
As an aside, since it's in the picture. The ZT0500 (M.U.D.D.) is a great work knife in dirty environments (or for cutting mangos), but the clip pretty much ruins it for EDC.