@Woundup Posts show that you are one of the Panerai experts and perhaps you can identify my 111? Looking for a V4 Noob, but would be willing to get my feet wet with a special build if this one has good bones?
I'm far from an expert. There are members here that have forgotten more than I know about the depths of Panerai models & versions - unfortunately for all of us they don't post often these days. I simply put the effort into reading, researching and studying pictures closely to educate myself on the details of the differences and what was/is correct and what can be modified to achieve the best results.
If the 111 you posted above looks good to you, then just fix it and enjoy it. If you are obsessed by having to have the most accurate, closest to gen replica 111, then as I mentioned in your other post, you are going to have to spend a lot of time in the M2M sections waiting for a Marlin or Noob - and then be lucky enough to see it first. However I don't really see the point of this if you haven't taken the time to understand what separates them, so just buying the best currently available version from a TD seems like the simplest option.
Your 111 appears to be a very old and not very good rep from before the days of the Noob / HFac versions. It is incorrect in that it has a polished cg with cdg decorations and what looks (to my eye) like a very thin top dial layer - almost looks like sausage. The movement looks similar to some old DSN's that I have seen, but probably not due to the poor execution of the other components. Looks like you have a deco screw missing from the train bridge plate - this could be lodged in the movement and the cause of it not working.