Not exactly correct. Quoting myself from another thread:They are the same pedal with different cosmetics.
I remember reading a post by someone from catalinbread saying the circuit is the same, only the appearance has changed.
That was stated when it first came out. However that was overturned as the official statement later on. There were tweaks made.
I have a v1 FN5 and love it... I feel much like Tweeker. Its sounds covers a lot of my needs for medium gain and it plays nicely with others, I've never felt the need to "upgrade" it at all.I'm so happy with my original Fn5, I'm not missing anything like "bigger, lusher and more dynamic".
My two cents here... I had Fn5, sold it to fund the Wampler '57 and went back to. He Fn5. The '57 sounded great all alone and at bedroom levels, but the Fn5 sounds better at gig volumes to my ears and worked better with other pedals.Also might want to check out the Wampler Tweed 57