Regulators are undoubtedly superior today than twenty years ago, ANSTI testing and rating of them has seen to that, anything that didn't meet the grade didn't sell so virtually every manufacturer has improved their designs.
If we're talking twenty years ago then we were only just getting second generation computers to replace things like the DecoBrain or Edge. Uwatec Mk1 Aladin, Orca SkinnyDipper and Suunto SME although technically less capable, were more reliable (well maybe not the SkinnyDipper
![Winking :wink: :wink:](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
), cheaper and more compact.
Drysuits are definitely better, twenty years ago you had the choice of fairly flimsy laminates or uncompressed neoprene and you only got autodumps on Vikings.
Cylinders are arguably better, my first 232bar 12litres weighed over 16kg, modern ones are some 3kg lighter, making twinning them much easier.
Some classics, like proper rubber jetfins (I still have my Typhoon Surfmaster MkIIs and the only reason I don't use them is they won't fit over my drysuit boots) have come back into fashion and others, like plastic backpacks have morphed into stainless backplates but overall I think kit has improved enormously in twenty years.
Mind you, it really ages me to have today's kit referred to as 'modern'
![Frown :( :(](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)