When I first inserted the P229, it was extremely tight, and took a fair bit of force to get it to seat properly in the holster. A tight fit is generally a good thing in a new holster, and I assume this would loosen up some over time. 

However, when I tried to draw the pistol, it kept getting seriously hung up in two places - the inboard part of the retention strap would hook on the decocker lever. The bottom edge of this strap is not flush with the interior surface of the holster, and is quite thick and stiff, so it will likely hang up on anything it comes in contact with. Hard to see in this pic, but it gives some idea:

At the very least, it seems like mounting this strap externally, rather than internal to the holster, would be a no-brainer. Unfortunately, the inboard part of the retention strap is riveted to the holster and not removable, or I would just ditch it entirely. 

Also, when I would try to draw, the rear sight would get caught on the overlapping fabric seam on the inside of the holster lip, if I pushed the gun fully into the holster.

For these reasons, and the fact that they happened consistently, I pretty quickly determined that I would not carry my P229 in this holster. I then tried a M&P 4.25" and given the lack of external controls, particularly on the left side of the gun, it drew much more smoothly. I'm not sure how well this holster would work with other popular DA/SA options like Beretta, CZ, etc. or with a 1911, but my initial impression is that this holster was designed with streamlined, striker-fired pistols in mind.

The other issue I found was with the outboard half of the retention strap, which is elastic. I don't understand the need for elastic here, since the strap is already adjustable in terms of length, and it's not like it needs to fit super tight - it just needs to prevent the gun from accidentally dropping out of the holster. Unfortunately, with this elastic retention strap engaged, there is a fair bit of "give" that happens before the snap opens, which makes rapid deployment of the gun feel unacceptably sloppy, especially when seconds might count. 

Here you can see how far my thumb is pushing over the retention strap to release it and it's still not opening: 

Thankfully, the elastic part of the retention strap is entirely removable. 

My suggestion here would be to ditch the elastic and just use an adjustable piece of non-stretch webbing. I would also suggest that the inboard part of the strap be entirely removable as well. 

Thanks man - was looking at this holster for my 1911 and CZ 75B.  Appreciate you saving me some time and money.  Looks like it has potential, I thought the PALS set-up would be perfect, but seems like the holster isn't ideal for what I would use it for.

Will keep my eyes open for v2 as you say, and in the meantime working on a DIY PALS holster solution.

Appreciate your review!

Yup, and that's generally the route I've taken. However, for multi-day backcountry trips, I like the idea of a holster that is quickly and easily removable from the pack belt (or wherever else I may have it mounted) to be able to bring it in the tent with me at night without dragging my whole pack inside. Fiddling with the malice clip releases on a daily basis is do-able, but more of a pain than other mounting options. For the most part, I've just gone back to carrying in my Kit Bag for those trips. 

After writing the review above a while back, I decided to take a chance on MR's revolver holster instead. And in spite of my experience above and in fairness to MR, I think the revolver holster is a darn good option, especially for a "universal fit" holster.  It fits my GP100 3" very nicely, and the draw is clean and smooth with no hangups. Thankfully, they decided to just go with a velcro hammer strap with a quick-grab loop on it rather than a metal snap. An additional nice thing about this strap setup is that if you choose not to use the strap, you can simply fold it over the back (inboard) side of the holster and tuck it into the Pals slots to keep it out of the way. 

Just like the Pistol holster above, it has two rows of PALS ladder on the back and fits great on the Prairie or Recon belts. 

For the price, it seems like a solid option for a simple field holster that you could mount in a variety of ways. I'll report back on durability after some field time...