I have the competition bridle and love it. My horse doesn't rub her head like she used to after riding. I use it both bitless and with a bit.
My only complaint is that the strap that passes under the jaw is WAY too short. I have the Cob sized bridles (2 of them) for my Arabians, and all the straps fit except I had to punch an extra hole at the very end of the strap for the stallion as his jaw is too big. Even at that it is still tight. I plan to have that strap replaced, but I think it's ridiculous that they make that strap SO short. I have like 5 extra holes on all the other straps!