I also have the older one which makes a bigger hole. I used it when I put my quilt on the frame to HQ. With the bigger one the larger hole wasn't the issue, it's the fact that it had leeway. I think I would like this one instead for that it wouldn't let the fabric give as much. I don't have allot of quilts that I HQ and put on the frame, so this would be a great investment for me. Thnks.