Thee challenge facing the earlier LV inserts, whether from TC, WM9, or anyone else, was how to get the right green paint down to give the same gradation of shading, depending on the angle with which you look at it, that the gen does. It wasn't just the metallic paint that needed to be used, but the way it was applied that came into play, and whether it would stand the test of time (no flaking off, etc).
As Turbo referenced above, the closest to gen up till the LV V2 came out, was the WM9 with the WM pearl. Now, according to TC's blog post when he received the the first sample of his V2, this new one has the all same characteristics that the gen does:
http://blog.tc-sub.com/2014/10/tcs-2014-rolex-submariner-16610lv.html
As you mentioned above, the gen LV insert has various different shades of green, some natural and some due to fading, that can make it difficult to do side-side-comparisons with this new TC one, and others. I have not yet seen a post comparing a gen to the LV V2, and this may be one of the reasons why (there may be a review out, I just haven't had the time to look). What I'm interested to find out is how the LV V2 holds up over time, and whether it will similarly follow the changes that the gen has during the 10 plus years since it was first introduced. Even five years out would be good to know, and that'll be the true test of the quality of this new TC LV V2 insert!
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