This is Razor Emphorium's homage of the Gibbs Adjustable.
It was the first one made in Stainless Steel. Its build quality is awesome and should easily last your lifetime. Its handle is longer and has a "bulb" for the twist knob, thus lowering the balance point and is in my opinion better balanced. The knurling is amongst the best knurling out there.
This is a "N" version and I find it pretty draggy although soap choice does help with this. I read online that the drag in the later versions was pretty much removed. When I used the Konsul I found very little drag and decided to get a newer Ambassador.
I have since added a later version (R Serial number) to my collection, however have found that the although drag has been greatly reduced, it is still there.

How does it shave?
As I indicated above, I find it very draggy and generally will look towards the soap in helping reduce that drag.