This is our higher end spring bar tool, made from nickle plated tempered steel (versus brass on the Basic). The tempered steel is more durable than the Basic tool, and the nickle plating helps with corrosion resistance.
One end has a large fork that works well for removing spring bars with leather straps or NATOs. The other end has a reversible, smaller tip, that has a fork on one side and and a push-pin on the other. The small fork is more precise (good for removing bracelets) and the pin is good for watches with drilled lugs or for pushing split pins.
The replacement reversible tip is available here for $3.50.