The new one you have is the current 'generic' version that is being sold as a replacement part. It will work, but it also will act slightly differently from the TEC unit you started out with. Specifically, the new one will advance slower (not a bad thing) and might have a few more degrees of static (idle) spark advance than did your original one. This will cause the idle speed (and carb mixture) to change slightly. For example: if you had a K2 Old Factory engine with the AD125 Hitachi advancer, the static timing is 4 degrees, while this new one is around 7 degrees. Installing this new one would require that you lean out the idle mixture slightly to get the same idle performance. The AD125 also advances faster, even a little too fast for modern gasolines, so the new one should help with that situation without modifying the springs.
These new ones are a drop-in fit for the 750F0/1/2/3 and the K7/8, matching their OEM spark curves pretty closely.