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I have and have made the one with the elastic. It's actually surprisingly retentive.
The holster goes up under the trigger guard and that's what holds it in the holster. The elastic holds the molding of the leather around the cylinder which holds the trigger guard in place.
The elastic is also doubled up, so it is quite strong. It doesn't stretch more than 1/4 inch or so on the draw, so it isn't going to wear out either. I saw one used for over 25 years, and it was still perfect.
Nate
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Sig P239 9mm
Bersa Thunder.45
Ruger SP101 .38 SPL
Glock 36 (night sites)
UBG Holsters current wait time as of 7-16-2009: 3-5 weeks.
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