1Password had vulnerabilities disclosed by Tavis Ormandy within the last year regarding the communication between the application and the browser extension. Those vulnerabilities were part of the so-called "static" product, and were not related to the new cloud functionality.
Yes, I wasn't saying that the one had not bugs, all software may have some of them, I was only saying that the risks of introducing more, new ones when changing completely a software (or rewriting it) are bigger.