If you check this page it has two very nice three way's. I had an orracle 3 way before and thought they were excellent - but there is the CT-3 which is cheaper and shorter. I don't need the hand adjustment - but the blurb at the bottom of the Orracle 3-way reads:
"The Orr-acle 3-Way is adjustable by hand or you can use your 3/16 Allen wrench. This is a CT 3-way with a spooler valve preinstalled."
What is a "spooler valve"? Does that just mean you can adjust by hand? Or is there something different from the CT-3?