It's a more secure latch than the earlier ones.
The early ones have two jaws that close around the striker with the bushing. There's a little bit of wiggle from the jaws so you get a tiny bit of hatch movement.
The newer ones uses single jaw that kinda latches around the new style striker which lacks the bushing. It's a much more secure connection with no movement. I always noticed that my buddies and their 92-93 cars had much more rigid hatches. The older cars seem to have more play.
This is something that's more of a "nice to have" vs any sort of critical mod. If you happen to stumble across a 93 in a junkyard, or part out one, i would keep the latch and install it. But only crazy mofo's like myself go out of the way to upgrade a latch
But that's what I do. The factory chose to upgrade it, so I want the best of what the factory had to offer.