Just acquired my second M2 beater and pumped a few rolls through it. Despite being cosmetically challenged, these M2s remain the smoothest Leicas I own. Far smoother than the M4, M6, or M7. Not sure why the M2's are smoother than the M4, as I have always thought of the M4 as being among the classically manufactured Leicas, from the period before they started cutting costs. The softest shutter release I have is the Olympus XA, which has an electromagnetic shutter release so sensitive you can set it off by accident. The shutter release on both M2's is almost that sensitive. A gentle pressure can be enough to set it off even before you are ready. I don't get that with any other Leica. This later model M2 has an odd film loading spool. It isn't an M4-type mechanism. You still have to remove the take-up spool and insert the film leader into it for loading. But the spool has a slit at the bottomas wll as along its length, that makes it easier to load. The baseplate also, looks unlike the normal Leica baseplate, because it seems molded inside to fit the base of the take-up spool. Anyway, I do prefer it to the older M2 take up spool.