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@veloham
The 4 speed helps, more aesthetically please having the first cog in the same plane as the plate! I'm sure I'm telling you stuff you know ... the quality of the Regina freewheels declined over the years but I think 50s/60s and in to 70s they were certainly seen as the best you could get. I never managed to figure out exactly when the Extra was introduced - there are some older Italian catalogues like Holdsworth Aids or Fonteyn or whatever but I've never managed to get a look at them. I spent some evenings Googling it a few years ago and think it was probably 50s but couldn't say for sure.
The Moyne ones are gorgeous and look similarly well made. I've got my eye out for one as my build is Brit with a bit of French.