Do the newer translations have the plan an unfolding story for God's redemption of man? Do they contain the words of both God and his only Son?
I don't need to study, I can read the Bible for myself to see if it contains that which shows His plan for our redemption as well as His words and the words of His Son. I can also be led of the Holy Spirit to which Bible Good had chosen for me. Both times it was a newer version. My wife was led of the Holy Spirit to purchase the Men's Devotional Bible NIV version to help lead me to our Savior.
God knows better which version we should read as He knows us inside and out. For instance He knows that I get to easily distracted reading the KJV, so why would He have me read from that version? Yet, the first time I read my Bible through was with the NKJV Chronological Study Bible. I would sometimes read 20 pages in a sitting, where as when I tried reading the KJV, i was lucky if I made it past the second page before I was distracted.
I'm not saying that the KJV is a bad translation, far from it, what I am saying is that it is a bad translation for me.