From Koshershaver.org
It is important to mention that Rav Moshe Feinstein was very skeptical about permitting the use of a lift and cut shaver when it was first shown to him in his later years. One should bear in mind that the widespread heter to use electric shavers is primarily because Rav Moshe, being the posek hador of the past generation, permitted their use. Most poskim in Eretz Yisroel on the other hand, forbade their use. Consequently, it is questionable how a person who relies on Rav Moshe’s shitah with regard to shaving, can go ahead and use a lift and cut shaver which Rav Moshe himself was skeptical about.31
Footnote 31: This is what I heard from Rav Belsky, Rav Dovid Feinstein and Rav Reuven Feinstein. See Halichot Shelomo page 11 who gives another rationale to permit shaving...
Why was Rav Moshe Feinstein skeptical about lift and cut shavers? What makes their halachic status different from other electric shavers, which he permitted based on the idea that they act like scissors rather than like a razor? Doesn't the lift and cut shaver do the same thing?