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Improvement on the Seiko on several fronts, especially the sapphire crystal and 316l band. I have the seiko as a beater but the plastic gets scuffed very easily. Should take all the usual SK007 custom items too. To me the SK looks cheap and bulky irl, if this is going to look like a luxury watch I might take a punt.
I dont know how this will go down here but its British made and the guy who makes them has been ahead of the times with the microbrands. He has a good blog about his journey with watches and looks like he knows his stuff. Great looking watch for the money too and great spec.
https://www.kickstarter.com/projects/deaumar/deaumar-ensign