Easy Populate 1.2.5.4 support

[Zean]

This thread is titled, "Easy Populate 1.2.5.4 support" but is linked to by the "Easy Populate CSV" plugin which although confusing is perhaps not relevant to my question.
Has Easy Populate CSV been superseded by EasyPopulate V4 ?

I found the below text dated April 1, 2013 here in https://www.zen-cart.com/wiki/index.php/Easy_Populate
I wonder if it is still true May 31, 2016?

April 1, 2013. Two years since my last update... Version 1.2.5.4 does work with Zencart 1.5.x. but should not be used if it's a new install. The version by CHADDERUSKI (VERSION 4) is preferable, and it has a LOT of new features that are extremely useful. IF you are considering EP and have ZC 1.5.x, then use EP version 4.

EP v4 SUPPORT THREAD: http://www.zen-cart.com/showthread.php?190417