There are three different collapsible buttons used on enwiki that I'm aware of: mw-collapsible, collapsible, and NavFrame buttons (the different types are explained in this MediaWiki Wiki manual). Only the former is included in default MediaWiki; I assume the others are kept on enwiki for compatibility purposes.
Nevé–selbert mentioned that the different styles of collapsible button should look the same, and that he thinks the mw-collapsible type should be smaller relative to the text.
If the latter two types are to be retained, I think that they should appear identical to the mw-collapsible type so as not to cause any inconsistencies. If they are to be replaced, then the mw-collapsible type should be able to function identically to the others. Currently the only thing it can't do is be aligned to the left, at least without changing site CSS.
Personally I think the left and right brackets should be kept out of the link (of the NavFrame buttons), so that only "show" or "hide" is blue and the brackets are black (by default). However, I am not sure if this is already the case by default or whether enwiki has a slightly different gadget to mediawikiwiki.