As far as the lugs and the shape, it does look a little wonky but it might just be from adding all that thickness. When you have a difference that significant, it is going to throw off proportions somehow and someway.
The pearl - as on all Panerai reps could use a beefier rim around the luminious part. That silver ring around the white pip. It's such a small detail and it is always the first thing that catches my eye.