My Lobo Enhanced Pancake arrived about a month or so ago.
I ordered it with a smooth leather lining. After I declined the suede lined option, as I believe suede attracts grit, I asked what the advantage of a smooth leather lining was, and was told that it made the holster stiffer. This seemed like a good idea. In the event, the holster is indeed nice and stiff, and even with the lining the leather remains quite thin.
I also asked the purpose of the slide shield option, which I have also seen referred to as a sweat protector. I was told that it's handy for indexing the gun for reholstering and also to keep cold metal off your skin. I'd never had this on a holster before so decided to give it a try.
It's a well made, very comfortable holster. I like the slide shield, too.
I'm pleased with my choice.
If Ray sees this, maybe he'll give us some comments on the design process.