The difference between the OEM shock and that Progressive adaptive shock—if both of them were in usable condition—is that the OEM shock is only adjustable for preload weight.
The Progressive pictured looks like it not only had preload adjustment plus hydraulic damping but also air damping, and maybe even had
automatic variable adjustment capability responding to road conditions. It possibly could have an air bladder but maybe only an air chamber sealed by o-rings.
The Progressive is decrepit at this stage and not worth an $800 rebuild when there are good quality
new shocks capable of treating back- and ass-parts relative as tenderly as the Progressive could in its youth, considering those parts are being conveyed on top of a motorcycle seat. TFX shocks available at Ted Porter's come to mind but I bought a less costly YSS emulsion shock from Porter because I'm not always
thrashing the moto on tracks, highways and backroads; I'm just pounding it along the pothole and gully fields that comprise the town-maintained roads where I live.
If you want a mechanical challenges rather that more time in riding pleasure, attempt a rebuild. Gryph is an excellent advisor.
The most startling modification improving my motorcycle riding pleasure was simply using space-age honeycomb padding to replace the OEM seat stuffing. The YSS helped too, without a doubt. Gryph recommends cartridge emulators in the front suspension but that's a fork bridge too far for me.