Except for the insert (which came from JoeyB), all gen (repainted gen dial with enhanced patination). There are a number of threads detailing highlights of the construction that you can search out.
Is is not a beater, but it has appeared in the occasional wristie for a few years now.
Just natural age/patina.
I think MY's (CWP) are made for gen movements, but, as Nick1972 suggests, you may be able to make it fit.
Looking forward to seeing the finished product.
As sneed12 said, if the hands were the problem, they would be flopping around the dial every time you moved the watch or just pointing south all the time.
I would guess you have a wheel installed upside-down or otherwise incorrectly so motion is not being transmitted to the hour/minute hands.
You might try posting on VRF, but you are still likely to be referred to the model number between the lugs.
Hard to tell from the pic, but the dial may be repainted, which will leave that lug number as the only reliable method of deducing the model.
Remove the strap & you will find the model number between 1 set of lugs & the serial number between the opposite set. You might also remove the caseback & snap a pic of the movement.
Because the Asian 7750 is a clone of the Swiss version, they are interchangable. Properly serviced, either should provide similar longevity/performance, so there is little to be gained from such an exchange.