My new pancake holster, for my 3” M-65, arrived yesterday. To say I’m pleased is somewhat of an understatement. I ordered it in the dark oxblood and it matches my old L.L. belt and 2x2x2 belt slide very well. It's a little stiff yet, it takes a fair amount of effort to draw my revolver and re-holstering is even more of an effort. With time the holster and revolver will mate to each other and provide a great fit.
One feature of the pancake design I appreciate is the distance between the slots for the belt. This allows me to feed my belt through the first slot, then the belt loop of my trousers, and finally through the second belt slot. This accomplishes two things, it allows for a very secure attachment to my trousers, and allows for some fine tuning of the location of my holster.
The new Lobo Leather certainly appears to have maintained the quality of the original, and I will be happy to order from them again.