So I got me another Peterson the other day, a 314 smooth system spigot just like in the picture. I have a 317 already, but just the standard type with the nickel collar and without the metal on the stem. The tip of the p-lip as you can see in the upper right=hand corner of the picture is a bit sharp, unlike the stem of the 317. The first time I tried it out, the tip felt a little different and somewhat irritating, so I compared the two. The 317 tip is more rounded off. So I thought about it a minute. I filed the tip of the new one down so it would be more rounded, then sanded it smooth and polished it somewhat with one of those seven-sided nail file/buffers. Perfection. This seemed like a better solution than trying to send it back and complain or mail it to Ireland or something for them just to sand it down like I did. Some guys hate the p-lip, and it could be because they got the sharp-tipped one instead of the rounded. I'm not sure why they are inconsistent in this way. Otherwise the 314 smokes about the same as the 317 although the other end of the stem that goes in the shank on the 317 is more hollow and gets smaller the further up whereas the 314 has the same size bore from end to end.