Why would you use such an outdated version? There's no reason not to update
There may be one exception... I just moved to the nightly from the
stable August version.
As far as I can tell the
Stable August version has the advantage that PinkDotRemover (PDR) v0.8 works successfully on the footage, while the nightlies do not. For nightlies one must use raw2dng cs2x2 to remove focus dots, which Rewind points out is not as good an approach as PDR (my limited understanding: targeted pixel interpolation in PDR versus blanket chroma smoothing in raw2dng). To my less discerning eye, raw2dng is fine except when there's heavily overexposed areas of the image.
Improvements in the nightlies I've found are:
* slightly increased realized SD card write speeds, meaning higher resolution you can record at continuously.
* crop mode
* dual ISO mode (haven't really used it yet though)
I'm sure there's more but I've only been using ML for about a week and had an interest in serious video recording for about the same amount time.