I HAVE THE H factory V2, brand new! yes, the DLC is lighter - but still not pencil grey (funny, but the buckle is correct - pencil gray) ! but for sure it is not BLACK.
the Noob is nicer, has the correct case construction... BUT IS DARK - BLACK - wrong compared to the genuine. (did handle the gen several times, in different light, it is FAR from BLACK!!!
if you take the H factory, be sure to have a look on the CG lever! H factory sells 2 kinds - flat, thin one and the correct thick lever. get the thick one!!! the thin lever is a big tell!
also, the H factory dial (only V2) has the correct dial lettering!!! - luminor marina!
make sure to get the correct :12: font version.
will try to make a comparison pictorial H vs N vs GEN... (if my mate - the lucky owner - is okay with it)
here is the BEST place for high res ref. pictures:
http://9maiali.com/shop.php