I have Schaller strap locks on all my guitars, but this was my first experience of the 'new improved' version. I'm very impressed!
Schaller have managed to improve something that didn't really need improving! That said, the new strap clamp is much better - easier to install, kinder to your strap and more secure thanks to the locking screw (which I WISH was a hex-head- I had to search high and low for a tiny enough screwdriver!). Clipping in and out is easier, and there seems to be less 'rattle' all round. Works perfectly with the older style buttons on my other guitars, and the older straplocks work with the new buttons too. Win-win!
If you've never suffered the heart-stopping feeling of your guitar suddenly plummeting stage-wards due to a strap malfunction then I envy you, but you are in the minority. You WILL (like the rest of us) need strap locks one day, and these are the best. Others are available, others aren't as good. Go for the best. If the price seems high, think about the cost of a repair/refinish to fix a dropped instrument. It's not 'treating' your guitar, its insuring it!