As of version 9.04 there is a new key checkout_newest_version for Vault in the configuration file ifvault.cfg, whereby it can be controlled, whether the old or the latest version shall be checked out.

Value range 0/1:

1 -> Interface will always checkout the latest version of a file.
0 -> Interface will checkout the first version of a file, 
     if there is an entry in PLMTable2.