Scrap-Iron v1 was available as a carded figure. For the first release and most subsequent releases, Scrap-Iron was spelled hyphenated, although some of the releases were spelled as 2 different words with no hyphen. They are indeed the same character, regardless of hyphen usage.
The areas of concern on a v1 Scrap-Iron are paint wear to his visor, helmet, and the grenades on his chest. He has knee pads/protectors that stick out over his knees, covering part of his thigh. These pads are occasionally chipped. The feet to the missile launcher base may be broken. Lastly, the remote control is often missing and sometimes broken at the end of its cord where it plugs into the top of the rocket launcher.