You asked. We answered.
While technically known as a butterfly valve, we call it the "Kenny Penny"™. The Kenny Penny is a brass rod with a penny "handle" on the outside and another penny on the inside. The hole in the center of the plunger is fully opened (vented) or closed (unvented) when the outer penny is rotated a quarter turn.
Some folks like a hole drilled in the center of their plunger and some don't, and others carry two plungers in their bag to have both. Now you can have either by rotating the Kenny Penny. Plunger master Al Grey advised trombone and trumpet players not to drill a hole through their plungers. Kenny Rampton likes to keep his plunger closed when playing with a pixie straight mute and open when playing plunger alone. There's no right or wrong way, and the Kenny Penny lets you discover your ideal sound.
The "KR Indigo MAX" (Height 3.5"/88.9mm, Outer diameter 5.145"/130.7mm, Inner lip diameter 4.21"/106.9mm) is slightly deeper and wider on the outside than the "KR Indigo", providing the ultimate in plunger sound and intonation. Works great on standard bell size trumpets (for example the Bach 37) as well as larger bell trumpets.
The "KR Indigo" model is for players who prefer a more traditionally sized plunger or have a shorter reach. Height 3.375"/85.7mm, Outer diameter 4.81"/122.2mm, Inner lip diameter (same as MAX) 4.21"/106.9mm.