Quote from: midwayfair on February 05, 2015, 06:30:55 PMYears ago, but thanks!
4001 is used in a "crowbar" formation, where it goes between +9V and ground, with the cathode pointed toward +9V. It shunts the voltage if you plug in the wrong polarity power supply -- which protects the components but will create a situation where your power supply can supply enough current to eventually (and by "eventually" I mean "very quickly in real life") destroy the diode, creating a dead short to ground. However, a battery can't supply enough current to kill a 4001, so it works to protect the components if you momentarily connect the battery the wrong way around. The worst that happens then is you drain the battery a little.
Using a 1n5817 in series with the power supply means that if you connect the wrong polarity of power supply, you will simply get no voltage passing, because the diode will block it completely. The price you pay is the loss of a trivial amount of voltage (0.2V in this case).
When people were powering their effects mostly with batteries, using the crowbar method with the 4001 was perfectly acceptable because it did exactly what was needed and sacrificed no voltage, which could matter when the battery became particularly drained. Now, though, almost no one uses batteries, especially in DIY pedals, so it's better to just use the way that won't kill a pedal.