362 isn't the "better one", but not a bad one either. It has a few features extra, but the basics are the same on these. If you have found a pristine machine and it's a good offer, go for it. At the top of my whish list would be all metal gears and it has too look resonably nice too. From a quick search on the web it looks like the 260 is the only model with a stronger motor, either way and as mentioned, these are stronger than average machines to begin with. Most of these are in a grey paint, with some kind of enamel effect to the finish. Some look like they are on the beige side, but I suspect light and camera settings has something to do with it. I think there are some Pfaffs in a simple "flat" gray paint, but maybe they are later models.