Originally Posted by
Kayblis
Strictly speaking, there's no dialogue between editions. This means you can't simply 'use' a 2e or 5e item in a 3.5 game, and there's no 'right' answer as to which item to use because neither is in the rules. As you're the DM, you would be homebrewing the item, so it's actually a "do whatever you want" scenario. If you feel the 2e version is better, cooler and fits more in your campaign, go with it and tweak the effects for the 3rd edition.
In terms of power, 2e is much closer to 3.5, so the tweaks would be minor and feel more like translations than anything. Porting something back from 5e tends to result in an underwhelming item or in a lot of work to make the item worth it, at which point you're basically designing from scratch.