Pretty sure whoever offers a gen spec 1016 case set for under $200 US is going to own the market...and kill off the competition.
Maybe so, but to be honest, I think there's room for a lot of different levels of accuracy and price points. Raffles/Cartel watches cost $100-150 for a complete watch that's very good out of the box, and fairly easy to make more accurate with simple tools and not even a lot of skill or experience. Patience, research, and some sandpaper and you're now a modder with some very clear "how to" guides all over the internet
A $200 case set that eliminates a lot of the elbow grease would be a huge time saver, but true gen spec means you're now looking at dials that cost $100-500 instead of $30-50, plus you're probably going to want a gen ETA movement, so add another $100-200 instead of $20, and by the time you add hands, a bracelet, and the crystal/bezel (if needed), you're starting to get into some real money.
I think one of the best things about certain models (the 1016, obviously, and ones like the 5513 Sub) is that there's a version for almost everybody, from the guy who wants an OOTB near perfect copy (Viet or Franken) and is willing to spend the money to get it, to the guy who can take $100 worth of Raffles parts and some time out of his day to make a watch that would represent well next to the Viet/Franken, to someone that's happy with a stock, unmodified, $100 watch.
The 1016, and a handful of other iconic models, are like Legos...you're really only limited by your imagination and the amount you're willing to put into it, whether that translates to time or money.