A couple of additional points:
A. 'Lugs' is also a question of definition and semantics, and I have seen different wordings used. To avoid misunderstanding and try to be precise we have generally followed following definitions in my company:
i) Threaded lugs - > always used theese two words together as description of this type. (Wafer type valve with threaded lugs)
ii) Steering lugs - > generally used for all types of unthreaded lugs and open 'ears'.
iii) 'Wafer type valve' or 'valve with lugs' we do not consider a full description. Found in inquiries it will
generally be taken as the cheapest type of valve, eg. no lugs at all necessary to offer, or unthreaded lugs to be offered.
iiii) 'Valve with 'U-formed flange' -> usually meaning a centric type butterfly valve with short building length, building length equal to 'wafer type' standards, flanges with undrilled holes, boring to normal flange standards (Note! Short bolts each side or throughgoing bolts as ppractical possible), elastomere inside sealing stretched onto flange side.
B. Price over lifetime (periode before necessary maintenance, dependable expected standtime) have not been taken into consideration in the many interesting postings above.
A double eccentric, double flanged, BFL valve will for larger sizes and higher pressure classes, at least for water service, (drinking water or hydroelectric plants), come far better out in this respect than a centric butterfly valve.
The reason for this is a number of points, partly based on the serial production cost for each type and different material and strength in construction (double eccentric generally stronger stem and bearing construction than standard types and standard stem for cheaper type centric), but mainly because of far longer standing time of seat sealing on double eccentric valves. (Closing and opening geometry and adjustable profile sealing mounted on disc for double eccentric).
We have seen double eccentric, double flanged BFL valves in dimension 800mm and larger in pressure classes up to PN25 (bar) being left in open or closed position in more than 35 years still fully functional and closing dropthight.
Far to many projects are in my personal opinion selecting valve types based on buying price instead of based on lifetime cost and dependability in a longer time aspect.