How about this? http://www.ebay.com/itm/Brand-New-Panerai-Luminor-Black-Alligator-Strap-24mm-with-deployant-Clasp-Tubes-/111035145553?pt=LH_DefaultDomain_0&hash=item19da35dd51
The gen crystal and dial has some variations too so the distortion is not really a tell. The incabloc mod on the movement is a must as all Panerai 127 movements are uniform with that kind of incabloc.
This could be the titanium Pam I am looking for and as its closed back then the looks of the movement won't matter for me. The dial should be very good thou before I buy it.
The papers are nice addition if you have the SE box to put it in and display it but Panerai used a special paper for it, its more offwhite and very thin. But what do I know,. lol.
The old Panerai E-F movements are pleasing to the eye. If its ETA components used only difference is it has signed ETA on the plate? Also the quality should be better and lasting in the long run? If its getting harder to source and getting expensive the more its time to go swiss ETA NOW.
On some pics the incabloc is not evident, still all in all EXCELLENT skill!