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1.) Been out for 2 years, took FOREVER for accessories and modified attachments to hit the shelves. Now there appears to be a health flow of stuff.
2.) Manufacturing of KEYMOD is a lot more complicated to do, therefore you see a lot of that cost to the end user.
3.) KEYMOD does not work on "plastic" very well.
4.) If the manufacture took shortcuts to get the hand guard to market cheap it is not in perfect "spec" and accessories dont fit perfectly.
5.) I have noticed the KEYMOD holes are not very strong if there was a lot of stress put against the item. ( I had a vertical grip attached to a rail section the pulled out of the rail, bent the lip on the keymod hole) the manufacture replaced the handguard for free as a defect. Worried me a little because it was nothing I haven't done before, Vertical grip as a barrier stop.
6.) KEYMOD mounting is directional not reversible in design.
7.) Inside the rails it is designed to fit flush, there is no hardware sticking up restricting space.
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1.) MAGPUL designed as direct competitor to KEYMOD, to be cheaper and to work on all their plastic MOE accessories.
2.) Completely open source, MAGPUL doesn't make a penny on it, they do control the concept and property rights.
3.) A lot more manufactures signed up for the spec to produce M LOK; Geissele, ALG Defense, Midwest industries, and SLR Rifleworks immediately came out with product within 4 months.
4.) Easier and cheaper to manufacture a M LOK compatible rail.
5.) Brand new and not a lot of accessories, other than "rails" and some stuff from SLR but with just rails that is not the point of a new standard.
6.) From the looks (will know soon) the hardware with M LOK sticks up into the rail when attached, but the mounting is reversible and appears to be stronger.