The Josh 5512 Sub is a good starting point. However, the crown guards are very short and stubby. With some aging, they can come out looking OK - if not a bit overpolished. A must is drilling out lugholes, though. That is probably one of the biggest tells.
I can't think of anything wrong with the movement, provided you get the 2836. The movement is very durable and accurate. One plus of the Josh case is the fact that it takes a gen dial.
Another plus is the fact that it uses gen construction. Underneath the bezel is a bezel ring, which, when removed, provides access to a gasket space. If you install the gasket here, and in the space in the caseback, it should be pretty waterproof. A gen crown ($50) and a Clarks or Cousins Crystal will make a huge difference as well.
Here's some pics of mine. I went the 5513 route, but that was just dial preference. The build was on a Josh 5512 case. (Thanks to JMB for the mod work!)