Generally the quality is OK, I'd definitely say that his quality control is slipping. Make sure you get good pictures of the piece before they ship. The first 005 I ordered had issues with the print on the dial being inconsistent. Some of the lettering on the dial was darker than others.
And then the lume on the pieces is decent, but again inconsistent across the watch. The lume on the hands is brighter than the dial lume also. Others have also complained that the L SWISS MADE L isn't centered below the 6 - and I'd have to agree with the consensus. But again, this its a rep watch - it all depends if you're the type of guy who will be bothered by these little issues. It still is a beautiful watch though.
The 253 is a beautiful looking watch. Might be a tad hard to find at an AD, I think it was a limited edition in 2006. But yeah, I have a 6.5 wrist also and it felt a tad large at first. I also got some comments from some folks that it was a huge watch, but I just loved the way it looked on my wrist. Wears really comfortably. Ended up giving it to my father, who has even smaller wrists and he loves it too.
The 111h, classic. I believe the Swan Neck is the first picture in the second row on Angus' website. Refers to the portion of the movement where it sorta looks like a swan's head. Cannon pin fix corects a problem with many of the PAM reps, where the pin the hands are attached to are installed a tad short - thus appearing recessed.