Your right, it's wrong way round, and yes i saw these both in AH too, so its confirmed. Thats why the +1 is so freakin good, no latent regen, constant regen.
Wrong, both have Regen all the time. Neither has any sort of latent effect. The only difference between this and the NQ are 1 extra DEF, STR-1 instead of -2, 1 more AGI, and 2 more throwing skill.