I don''t know that the new one is "better" then the old, it's just different - and has some more features. Especially if you like or make a lot of the little bows, I think the new one would be better. The new one is basically like an oversize single prong alligator clip, with the ridges that make the creases. The old one is just 2 pieces of wood with the ridges and hinged at the back, so It doesn't "clamp" down on the ribbon, and it doesn't narrow at the end, so it is hard to get those little bows in there. Just my opinion.