Both are correct. The long rubber in the first pic is to give bounce to the ball. If you're lucky and the ball hits it just right, it will send the ball into the mystery hole. There's about a 30% chance of this on my machine when the pop-bumpers spit the ball down there.
The 2nd example I also switched to star posts. The rubber between them (missing in your pic) prevents the ball from hitting the ramp and lights there on the right.
Lastly, I'm sure you can see the nail there in the 2nd pic, and these were last-minute fixes by Data East to correct ball-trapping flaws in the design.
BTW be sure to SAVE those metal posts that you swap out for star posts. They are no longer made and cannot be found anywhere online.