Ya I too was thinking the same thing the other day looking the redesigned version online. Wasn't sure if I wanted the metal parts but the exact same thought about being adjustable. Mine too is set for max length and rarely adjusted.I always extend the leash at the maximum length so the fact that it's much easier to adjust it is not a big improvement to me.
As we all know, just because something is cheaper doesn't automatically make people want it. After all, by the same argument I can find a lot of straps online for a fraction of the price of Optech, so I am not seeing the value of Optech.I'm not seeing the value of peakdesigns when you can get Optech straps for a fraction of the price. And I like their design better.
Exactly why I have to be careful packing my strap into the bag.Especially since most users quickly cram their camera into a bag with the strap pushed or folded beside or on top of the camera body and whatever lens they are using. The buckles should be fabricated from materials like polycarbonate or carbon fibre to avoid the scratching problem while retaining durability.