I'm inclined to agree on the pro-Steinhart side; I kind of see them as making dive watches with the kind of vintage aesthetics collectors of a certain crowned brand want, but that brand refuses to produce....
Besides, look at any 1980s TAG diver, or any number of other divers that were clearly "inspired by" the Submariner. Sure, the Steinharts are a lot closer to the original, but they still say "Steinhart" on the dial and regardless of the crown-motif atop the logo, nobody's going to confuse this with a Rolex up close.
I'd like to disclaim, however, that I've never handled one in person so I'm just speaking from the photos I've seen on the internet.
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