I agree, I would steer clear of the 111 and display back. Although it is my favorite pam. Both Rep and Gen.
000-005 are winners for sure, and would do fine for you.
I have NO Idea what a Z factory piece is. I've only seen one displayed here once. And wasn't impressed at all.
A little tid-bit that might make you feel a little better about your being a "(Rolex/Omega guy)", and trying a Pam. Are you aware that Rolex and Pam are are Brothers from different Mothers? (well actually the same Mothers) LOL!!!
You see, Pam was designed by Panerai, and produced by Rolex for the first Pam's. The case was made from modified Rolex Pocket watch Cases, and use the movements that Rolex used for these watches.
So you can wear one with your Rolex pride, as it is a part of a proud History in Horology. ;-):greedy:
The best advice I or anyone else could possibly give, is "READ The Pam Guide in this Forum". The info is invaluable!
Yes, it will take some time, as all things needed for proper decisions do. but it will give you a completely different take on Rep's. There is a LOT more to it than simple copies. Far from it! And a Huge reason we collect.
I have Gen's and Rep's of Pam's and enjoy them equally if this tells you anything about the level they have achieved.
And I am VERY Picky!!!
Knife
Thanks Knife, Panerai's history certainly is interesting! (I agree that the 111 looks amazing and likely my favorite, but I don't think I could pull off one unless it was gen)