I think his is a rep band. If you want to see a gen band, find a thread from apollo about his volcano on gen strap. ()
Regarding the movement, The Zigmeister said the configuration sec at 12 is fine as long as it is properly serviced. The main cause of failure is poor QC (dirty movement etc).
I have been quite lucky as none of mine has stopped working, but I do not use them everyday with the exception of the volcano.
Others might be a bit unlucky as there is a member here who bought 3 watches and they all stopped working.
It is for you to decide if it is worth the risk.
For me it is, because I know if it stopped working within a reasonable timeframe, the dealer will fix it for me.