I don't think it's so much a failure item replacement as it is a nice upgrade.
I shoot lefty, so the ambi nature of the PT handle suites me better. Other guys like it because it gives them more surface to yank on while doing speed drills.
As for why it's so "expensive", it is machined one at a time on a CNC mill. Much more time outlay then casting the plastic one that Smith sends with the gun. I'm sure Tac22 could break it down better for you, but that's the nature of the small run manufacturing world. Time costs.
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