Wahl Equi-Poised Mechanical Pencil

Photo:  http://www.parkvillepen.com/images/wahl/wahlpearlandblackmp.jpg

Recently developed interest in vintage pencils led me to buy this Pearl & Black
Wahl pencil off eBay.  In trying to learn a bit more about it, I was sent to
David Isaacson's Wahl purse pen article and, indeed, this would appear to be an
Equi-Poised pencil.  Excellent color and working condition.

This one has the two cap bands as shown on the Clasp models on the catalog page
shown in David's article.  Length is 4.5".  So, what is the difference between a
Clasp model and a Ladies' Purse model?  How long is a purse model pencil?  

Any enlightenment you may provide will be appreciated.

TIA,

Dennis B

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