Well Wayne, they are optically identical and both multi-coated the old breech lock one takes 55mm filters the new version 52mm, the new bayonet ones with the polymer barrels are as you mention much lighter, which I understand is why Canon changed to this material and you will appreciate if you have to carry a bag full of them, the bayonet mount is much quicker to change lenses and they are by no means inferior to the breech lock models I've been using them for more than twenty years and have never had any problems with them.