The loops are in fact at different heights as can be seen in relation to the central line of stitching across the back and the higher right loop at the flap hinge. This is a WWI era holster and appears to be have been made from an LP Holster based on the old stitch holes in th back. I’d have to see more photos of different angles or handle it to know exactly what went on with it but it looks like all period work. I guess the bigger picture is that this holster is interesting and “real” IMO but is not typical of what most expect would have been issued with a new 1940 08, but who can say what any gun may have have ended up carried in.
