When I bought the Gen 1 no-mag, I returned it due to the external bungee cord. That cord caused it to get caught on the side of of the pouch no matter what adjustment I and how slow I opened it. I'd really like to see videos of others that love them and how they open them without issue.
Anyway, back to the original comment. When I called to return, it was mentioned this was the number one complaint and they were looking at modifying to prevent any issues of it getting hung up. I assume they are going to make the adjustment internal. The original design was something him and Aron Snyder worked on together.