This is my first experience with a magnetic knife holder so I don't know the competition or how the more expensive version is different. But I can tell you one thing: This one works. I use it to hold an 8" chef's knife, a 7" serrated utility knife (wide, heavy blade), a cheap ginsu knife, a paring knife, and 5" scissors. They all stay in place and are very stable when installed - ie they do not slip or threaten to fall off. it seemed a little "cheap" when I took it out of the box and installed it. The assembly was very simple: two screws for the guide frame, then the visible part, the "magnetic guide", slides over it. If you're like me and don't know what to expect and don't want to spend a lot of money, that's a really good bet. I'm curious to see what the more expensive devices offer that this one doesn't, but so far I haven't felt the need to find out.
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