I was in Leffot not too long ago looking at their Alden saddles and I was thinking that the shape appeared to lend itself to a sleeker fit.....Thanks for resolving all doubt and putting a future dent in my wallet
There is also the legend that the characteristic slot in the strap of the penny loafer was originally modeled after the lips of G.H. Bass's wife... "kissing" each pair of shoes as they left the factory.
I really like them myself, just because I like the unique brogue pattern that they can add to a collection. They are able to stand alone as a style just like you can have a pair of Color 8 wingtips and a pair of Color 8 PTB's.