there are two differences: one is the 'real world' geometry ... the newer lock (in my experience - -your mileage may vary) sparks a little bit better than the old one... I was never so upset with the old lock that I went through a bunch of gyrations to improve the spark- it fired every time i pulled the trigger, so i'm disinclined to complain ... i like the appearance of the old lock a little better than the new one, but that's just me ... get on FleaBay and go with what you like. Some years ago (before they sold out to S&W) i called them to see if i might purchase a new frizzen, and they said to send in the lock and they'd put a new one on. That was on a Monday, so Tuesday morning it went in the mail, and Thursday I had a brand new lock, some flint leathers, and two of those dreadful cut agate thingies. I have never been able to make the cut agate thingies spark - i suspect that they're good for throwing at politicians or perhaps slipping into the soup of an unsuspecting hippie-dippie.
I have used Lyman frizzens for many years (before getting a whole new lock) and they worked great. The T/C frizzens appear t be case hardened, and when you get through the case hardening, you get no more spark. Attempts to re-harden them will prove futile. Track of the Wolf claims to have replacements. there is another outfit which has a frizzen available - here's a link:
http://www.rmcoxyoke.com/inc/sdetail/tc_replacement_frizzen__please_read_description_/468/15050
the other difference is the 'between your ears' type. Many will rant and rail about this or that being no PC/HC and so on, or that their particular method is the one and only: the truth and the light - well unto Holy Writ. I try to be tolerant of these people. Really I do, although sometimes it is difficult to listen to someone who will not or can not acknowledge that they might, just maybe, be wrong. After giving their argument a full hearing, i will give what they claim to be the greatest thing going a try, and if it doesn't work, i'll go back to doing what i did before. The take- home point here is that you should try it, and then go with what works for
you, in
your situation, suited to
your purpose. This is supposed to be about fun, and putting lead on target, not living up to someone else's standard.
regardless of which way you go, the T/C is a fun little gun - once you get over the storied fact that is has as much to do with the Hawken brothers as a Ford Fiesta has to do with a Ferrari. Mine has yet to fail me.
Good luck with your project!