Reach and drop to the brake levers and the drops are about the same, but overall, the contemporary bar is mounted lower and it has less drop. Both my old bars (Cinelli 66s) and new bars (Reynolds "non-anatomic") have a fairly short reach. This means I'm only lower when I'm riding the tops.

The old style of riding on the hoods involved a kind of draping action of the hands over the top curve of the bar. It was OK but new is better.