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5th option, buy an original and a fake royal oak. Then you can wear the fake whenever you're worried about damaging it (although I'm of the view that if watches get knocks then so be it, it's part of owning a watch).
Personally I'd far prefer spending the price of a fake on a timefactors, helson, steinhart or whatever.
There are very few watches that don't have a decent "homage" for under a grand so if you really like that style of watch buy one of those (personally I'm not keen on anything that looks too similar). Otherwise you're really just buying the fake for the name and that name isn't even authentic.
aggi
This really has got me thinking
I've been contemplating getting a grail(ish) watch for the last 6-12 months, but haven't been able to make a decision. I've got a soft spot for a Royal Oak, my options are:
Videos on fakes like ^ from Watchfinder provide a credible 4th option, fake it. Nearly all the benefits of enjoying the design/build , without the fear/risk. Biggest downside for me is the moral element.