I have an old one exactly as you describe and the cue and shatfs fit very snugly.The separators do go all the way down.
I have no hesitation with putting any cue in it.I have a beautiful Sugartree in mine and feel it is very well protected.
Go for it. They are a great case
Georges are great cases, but if you should be careful with the ones that have the fellini latch. One of the ones I had was really cool due to the unique pocket at the bottom, but you couldn't pick it up by the lid, or the lid would detach. I have a Mcdermott Mac case that locks up much better, plus the tube is aluminum.
Here are some pics. Either one you go after, you will likely be happy.