I would actually say that the old spear is generally more realistic...For reference
. Although that details nordic spears, they were basically identical throughout England, Europe and even Rus Asia, and did not change much through many years.
I know less about ancient spears, like Greek or Roman but here's
a pretty legit looking Greek repro on sale (only 50 bucks!) that is basically the same as well.
Also, beyond the point of historical accuracy, the newer spear is also arguably less realistic in its construction
seriously who doesn't use a metal socket
if you slot your spear haft into a cut in the wood, you're gonna have a bad time
it makes the blade that much more likely to bend
That said if you can live with the blade attachment the ring makes nice decoration, and the diamond shaped blade is fair neato. Someone used the rings as stand ins for the blade lugs/wings that sum spears have as well, which was not too shabby if you squint and know the source.