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It looks like there's some mix-up between the Go CPU miner and the Rust CPU/GPU miner.
Go CPU Miner (./karlsenminer -V) karlsenminer version 2.0.3
This miner is included with the Go codebase and is meant for CPU mining.
Rust GPU Miner (./karlsen-miner --version) karlsen-miner 0.0.4-GPU-0.1
This one is still being developed, is focused on GPU mining and is also in a separate repo.
The version numbers between these two miners don't really matter and aren't meant to be compared directly.
karlsenminer -V == 1.0
karlsen-miner -V = 0.3
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