I've owned an original PAT-5 since new, but haven't used it in year's. Main difference is the FET driver stage IC used in the newer model, for supposedly lower noise than the original's Bi-Polar unit. As mentioned, hi-lo phono level, different faceplate around the volume knob and aluminum push button's. Very flexible unit's, with 2 phono input's, EQ processing loop, good tone control design, speaker swithing and more. The low filter's a joke though, with a basic 1st order filter design that really cut's into the bass. Never liked the plastic push button's on earlier Dynaco's, so later got the aluminum job's. Probably have lot's of the plastic's laying around somewhere.