How does your 16*-18* laminate Hogan play in comparison to your 8 yr old Ping in terms of trajectory, dispersion and forgiveness on less than perfect shots?
Atb
My LEL is something around 20 degrees. (LEL being the Lowest Effective Loft for getting the ball airborne and carrying the optimum distance.)
Given that, I haven't carried a fairway wood with less loft than that for at least three decades. Among those that I have used are several persimmon four woods, a Ping Eye2 5 wood, A composite-head Yonex clone 5 wood, several metal woods with 20 degrees of loft, and for the last several years a La Jolla Knife 5 wood.
All with lofts at or close to 20 degrees.
I have tried mightily to replace that Knife with something newer and "better" but it has an unnaturally low CG and I've stuck with it through several shaft changes.
A couple of months ago I used some credit I had at AZ Golfworks for clubs they'd sold and picked up a Ping 410 5 wood and have been playing with it since then.
Today, the Knife went back in the bag.
So finally, to answer your question, there's seems to be no real performance difference between them.
I have the Ping and at least one persimmon 4 wood (A Hiro Honma) in storage halfway between South Dakota and Arizona so I won't be able to test them until later this year.
The new Ping looked like it was going to be a world-beater, it's 18* and can be adjusted 1.5* weak, but it looks like the low CG of the Knife is going to win again. (FWIW, I have 7, 9, and 11s in the Knife, too.)
As much As I'd like find a few more yards off the fairway, at my age (73) and meager clubhead speed, I appear to be gaining zilch from more modern technology.
In fact, when I was switching back and forth between wood and metal, I found the low CG of a wood head with a brass soleplate to be more important than whatever perceived benefits I got from metal woods. Until I found the Knife, that is.