Pagani Design PD-1723vsFormex Reef 39.5 mm

Pagani Design PD-1723 is praised for its attractive dial, sapphire crystal, and overall finishing, with owners appreciating its vintage-inspired aesthetics and minimalist logo. The watch is noted to wear larger than its 37mm case size due to a thin bezel and 20mm lugs, feeling closer to 39mm on a 7-inch wrist. Lume is a point of contention, with some finding it surprisingly good on the indices and 12 o'clock position, while others describe it as poor, particularly on the hands. The bracelet is widely considered to be of low quality, though some find it comfortable with a nice taper, and many owners prefer using aftermarket straps. Discrepancies between product listings and received watches, particularly regarding movement branding and the PT5000 movement's potential winding issues and rotor rattle, have been noted. The V2 update features an exhibition caseback and a clasp swap, which some owners prefer over the V1, while others favor the V1's hands and dial proportions.

The Formex Reef 39.5 mm is widely praised for its refined finishing, comfortable and well-proportioned case design, and impressive specifications for its price point, including COSC-certified Sellita SW300-1 movement and 300m water resistance. Owners and reviewers highlight the tool-less micro-adjust clasp and quick-release spring bars as practical features. Some reviewers note that the 22mm lug width feels slightly disproportionate to the smaller case, and the bracelet could benefit from more taper, though this is a point of contention for some owners who value the overall package. A prototype crown protrusion issue is noted as being addressed for production. On balance, owners and reviewers rate the Formex Reef 39.5 mm highly for its excellent value and well-executed design.