From personal experience, it's a very solid, smooth ratchet. It is less bulky (or more compact) than 'older' 916 but not as small as 916K. I will try to get some pics for you today to show the differences between all three.
Hazet offer the same design 1/4" ratchet (p/n 863-1) so might be worth ordering a pair while you're at it.
I love this ratchet also, own the 863-1 1/4" version as well. I heard that a 3/8" version was to be produced. What the hell happened to this Idea?
Somebody enlighten me...
It has been over a year and still no 3/8" ratchet.