I bought one about 2 month ago for the 69. It looks just like a traction loc. I never took it apart but I bet it takes the same clutch set up. It also has the hat on the one side made out of steel rather than cast so it will not crack like the traction locs did. Well worth the money.
No the first set of gears I went with were Richmonds and they went bad do to a bad case. I then bought a new Currie 9+ case and installed a set of no name gears that I bought new for $95. Have had no problems with them.