A great post with very valid points!!!!
Firstly, my belief is that "there are replicas" and "there are also replicas".
When I first had access to the internet over 20 years ago, I was amazed at discovering a world that I never imagined and when I first heard of a replica watch forum, I almost burst out laughing!!!! I thought - "seriously we have stooped so low that we need a forum to discuss $10 junk battery operated flea market copies? really??? what have we come down to? " Well my judgement could not have been more wrong as I then saw a world I never imagined, as I met some of the most intelligent, knowledgable, skilled and friendly people that one could ever meet who have educated me more than any other forum I know and have never looked back!!!!
My first experience in buying replicas was when Paul had his crazy $159 sales with high quality merchandise and was immediately hooked on this bug. I never had a problem with any of his items and the quality for a "non quality control" outlet was impeccable,
His submariners were well made with a quality eta 2836-2 movement and also passed the pressure test which I used it for swimming for many years. I had a similar experience with Silix when Jay and Angel ran the show!!!
Then lets not forget the F series noobmariner!!!! I prize it as much as the other quality pieces.
I also know that people who are into replicas also have the real McCoy but prefer to use their replicas as every day beaters purely because of the high costs of maintenance and parts issue
Then later when demand increased with more factories in the Far East opening, compounded with when the Swatch group got nasty with their parts issue, I noticed a decline in the quality of most of the replicas thereafter. I too had problems with what I purchased and had similar experiences to you, especially with their crappy eta clones that were purely junk in my opinion. Mind you in the past I also had similar problems with high quality genuine timepieces and even though I had warranty etc. in most cases I never got the satisfaction I expected. It definitely was NOT a "no quibble warranty" !!! That is another story!!!
I then decided to build my own replicas in buying quality yuki cases and old stock sealed eta movements that were left over in watch supply houses resulting in a high quality watch. I replaced the seals with genuine watch parts seals and gave them a good quality makeover exceeding my satisfaction. I guess it is all in the mind as if you replace the dial with a sterile dial or have it redone with whatever label you want ( your girlfriends name for example LOL!!), you still have a quality watch of similar quality to other legit eta powered timepieces. You then have a unique custom watch which is a far outcry from a crappy copy or replica!!!!
As with Steinhart, it is a good watch for the money you pay, but in my opinion it is nothing special as for the same money you could buy an identical homage watch such as Squale and even other well known brands. It never attracted to me just as suggested by Sogeha and for the same price if I can build my own, you can build it to your specifications and end up with a good custom watch if you can overlook the label Rolex or Omega which should not legally be there!!! Each to their own!!!!