I recently sold my V1 after 15 years of using one and bought a Redline. I drove 800 miles from Ohio to Hilton Head with it and am about to perform the reverse trip tomorrow. What I have noticed is that the range seems marginally better, but not enough to make up for the lost arrows. That said, it's off axis performance is exceptional!
One thing that annoys me is the auto mute. On the V1, I could adjust the level of volume I would hear when it was muted - either by me, or the V1 unit itself. Does such a function exist with the Redline? I find it's "automute" feature leaves the volume too low for me when it's been muted.
Also, others said the flashing bar doesn't keep pace with the signal strength. Perhaps there's been an update; however, mine flashes faster as the signal strength increases.
Thanks for the help!