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ejay
Stonehedge
For me, the chance of a warranty failure on a Rolex/Tudor/Omega/etc is so low that I am happy to risk not having a valid warranty. What this means in reality is that in the unlikely event of a warranty repairable fault developing in the first year or two (whatever the warranty covers) you would have to pay a full whack repair.
It is notable that some of the mid to high end watch manufacturers are starting to soften towards the grey market in principle at least. Times are a-changing. The harsh reality is that the main reason that there are so many grey market watches is that sales are dropping.