To confuse things more - or just to point out how it really depends on your own feet - I had the Peal boot in 240 last, and it pinched my big toe, while the AE 5 last feels very roomy. Also, in comparing the 240 Peal to the RL Lindrick, which is on the 325 last, if you put them sole to sole they are almost identical. Yet the 325 fits fine. I couldn't see an visual difference, but the 240 was much tighter in the toebox. I also don't know how Peal and RL convert from UK to US sizes. Although both the Peal and the RL seemed about right in length and comparable to the AE. (I go TTS in the AE 5; some people size down and go up in width). It's unfortunate, because the Peal cordovan boot is one of the best shoes I've purchased - just beautiful.