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Some day someone will judge you because its a fake. And that may be at a critical point or time in your life. A business deal or job interview. And the more senior the more prevalent it is.
Maybe - I don't think this would ever happen in my life (I likely move in the wrong circles), and this is buying into the whole 'expensive watches say something about your character' thing, which I don't think they really do anymore.
Also, if the only distinction that you can see on them is that a bit of the font is slightly off, I think it's a relatively small risk that someone would notice that when it's moving about on your wrist.
Controversial opinion: The only people replica watches offend are those that have paid the full price and feel a little personally threatened by the diminished status if everyone has one and the only way to feel smug is "to know".
For me... if I want a perfectly reliable accurate watch I put on my Casio and I love it (wearing it now).
But all of these other watches are fashion accessories to me, I enjoy them but really cannot afford nor appreciate the top end (it's a bit like audiophilia, the poor returns after a certain point just can't justify it). If I could have such an item, it might not match the T-shirt I'm wearing that day :shrug.
Being able to indulge in the looks without breaking the bank sounds like a lot of fun and would allow me to have a few replicas and pick and choose to match whatever style I wanted that day. Would it have to be perfect... nope... would I care that it's a replica, nope... in fact I'd be feeling smug that I had the look I wanted but didn't re-mortgage to get it.