The Competitor is an updated version of the Lone Eagle with several improvements.
I had a Lone Eagle in 308 Win., and it shot good but the trigger lacked alot to be desired and there wasn't alot you could do to help it. The Competitor has a fully adjustable trigger.
With the lone Eagle, if you wanted to ad another barrel you had to buy a barreled action from Magnum Research and this required going through a FFL dealer. With the Competitor you can order just the barrel from the company and have them delivered to your house. If you change to a caliber with a different sized rim, you will have to order an ejector to go along with it.
The ejector in the Lone Eagle relied on a spring to extract and eject the cases, sometimes the cases would stick and in the Lone Eagle's owners manual they recommended oiling the cases if they wouldn't eject. I didn't like this idea and found that nickle plated cases worked great in this gun to give reliable ejection. The Competitor has a cammed extration system that starts the case out of the chamber just slightly, then the spring loaded ejector pops the case out. This is a great improvement over the Lone Eagle.
To cock the Lone Eagle you have to pull a cocking lever that is on the left side of the gun, the Competitor cocks upon opening the action.
The Competitor has different stock options, barrel length options, scope base options and a huge selection of chamberings.
As you can probably tell I like my Competitor alot better than I did the Lone Eagle that I had.
GOOD SHOOTING!
Slufoot