Enzo, that is an excellent summary, which I believe to be pretty much on point.
It is also an excellent argument against the belief that there exist "Swiss" movements with Panerai shaped bridges...
When you think about it, a Swiss movement, reworked with Asian parts, represents the
most expensive option possible (even more than a 100% Swiss movement, because of the additional parts and labor).
Because of the price point of their product, the replica industry is significantly more sensitive to costs than genuine watch manufacturers. (Assuming that they even had access to a vast supply of ETA movements or Ebauches) Why would any manufacturer choose the option with the highest cost, when it is within their means to produce an extremely low cost alternative?
These conversations, while they may seem like they are
are still productive....