I think the 'V' should hang like the ones in the forum picture album.
http://www.britishbadgeforum.com/arm...gnia_index.htm
Would have thought this badge being post 1922 it would have had a slider. I have had 2 GvR Household Cavalry badges at different times which had lug stubs and a slider replaced, so perhaps the regiments of the Houseold Cavalry
were keen to use sliders. Cheers, Paul.