Guitar Pete came with a strong late run under Paul Carberry to win the Injured Jockeys Fund 50th Anniversary 4-Y-O Juvenile Hurdle.
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Dessie Hughes' horse had six horses in front of him jumping the second last and three still ahead of him jumping the final flight, but he stayed on really well to land the Grade One prize.
Gordon Elliott's Clarcam fell in the Fred Winter at Cheltenham when going well and a first-time hood was applied for this assignment. It looked to have done the trick as he set sail for home under Davy Russell, but he had to settle for second in the end.
Calipto, unlucky in the Triumph when Daryl Jacob's stirrup leather broke, was lit up a long way from home but he hung on for third under Sam Twiston-Davies.
Carberry said: "He made a bit of a mistake down the back at the last, but he stayed on really well.
"I thought I was bit too handy at Cheltenham so this (delayed tactics) was the better option."
Hughes said with a smile: "He (Carberry) is very good. I said we'd try to get a lead into the straight, but I didn't mean to be that far back.
"He's full of heart and is always fresh. He's a lovely horse.
"We thought he just jumped and stayed, but maybe he has a bit of class as well. Maybe we've finally learnt how to ride him now."
Calipto was all the rage for the opening contest of the three-day Crabbie's Grand National Festival, having looked unlucky when fourth in the Triumph after jockey Daryl Jacob suffered a tack problem.
With Sam Twiston-Davies taking over in the saddle from the sidelined Jacob, Calipto looked to be travelling powerfully early in the straight, but his challenge petered out in the closing stages.
Ridden with much more restraint on this occasion, Guitar Pete finished to better effect to go a couple of places better.
Clarcam left jockey Bryan Cooper with a broken leg after a heavy fall two flights from the finish in the Fred Winter Juvenile Hurdle at Cheltenham, but bounced back to run a blinder on Merseyside under Davy Russell.
Hughes added: "We thought the flat track would suit him and it was nice to see him show a turn of foot.
"It's possible he could go to Punchestown, we've got three weeks and he hasn't told us that he's had enough."
Gordon Elliott said of Clarcam: "He ran very well and he will be a right chaser next year.
"We might look at Fairyhouse and Punchestown."
Paul Nicholls was happy with the effort of Calipto, and said: "I'm thrilled with him. He's just been beaten for a turn of foot by the Flat horses.
"We need to brush up on his jumping and hopefully he will keep on improving.
"We might enter him at Punchestown, but I'm keen to look at good races at Auteuil in May."