So in essence, a v4 is still not quite there unless modded which can run into £££
Well not sure how much is £££ because value is relative. Some would think the asking price is too high, others would gladly pay the amount to get the 1:1 treatment. "Still not quite there" while mostly true, is indicative of being unaware of what has come before. A few years ago, you had to spend the cost of a Marlin/BK build to get a PAM111 that would barely match the current V4 out of the box, no mods required. So actually the price of the current ultimate PAM111 isn't far removed from what was considered year after year, the best. But what you get for that price, the bar is being raised continuously. However, I think we have reached the point of diminishing returns, which means at the current price point of the PAM111 reps, any additional investment to mod to increase the replication gets smaller and smaller returns.