Rob, the difference is that the original suggestion was for a smaller sail on all three sides, new shorter yard and new shorter boom. This version has a smaller sail with a long foot, no yard and the original long boom - cheaper and simpler.
David, it works a treat - I tried it out solo on Lake Bala today in really tricky conditions. The wind was across the lake, which means that it was very variable in both direction and speed (5-25 knots). The boat was easy to handle, less prone to tipping over in gusts and I easily managed 40 degrees to the apparent wind, bombing along at over 5 knots for quite a lot of the time.
I only had two parrel bead strops holding the sail against the mast. Without the benefit of a laced-on yard, the sail's luff gapped between the strops. I'll fit two more strops to keep the luff straight and the performance should improve still further.
Dropping the sail in a hurry is a cinch. Let go the mainsail halyard and the aft end of the boom drops to the cockpit sole. Take the downhaul off, wrap a few sail ties around the sail and boom and everything is under control. If you want to tidy further, undo the parrel bead strops from around the mast, pull the boom off the gooseneck and you have a reasonably short package that can lie on the cockpit sole or along the bench ready to use next time. Alternatively, a single topping lift could be used to keep the boom and bundled sail horizontal at head height. Without a yard to complicate things, a double topping lift is unnecessary.
Below a picture of the front of the boat and back of my head, plus a screen shot of my uphill track in Google Earth - distance 3.7 NM over ground in just under an hour, 5.8 knots maximum.