It looks awesome. I've never had a tek-lok, though.
It looks like it rides high. <img src="/ubbthreads/images/graemlins/thumbup.gif" alt="" /> I'm in a high-ride phase right now. I find it easier to sit (and not sit on the knife <img src="/ubbthreads/images/graemlins/smile.gif" alt="" />) and move about without the knife in constant contact with my leg.
It does ride high,the entire handle is above the belt line in the current setup.