Looks OK but no have never seen one like that and would suspect it's just a substitute bezel. I think the bezels for these were very prone to wear. Here is one with correct bezel.... https://omegaforums.net/threads/fs-immaculate-full-set-f300-geneve-with-rotating-bezel.76197/
As noted above, that has a replacement bezel. This is what the similar model without bezel looks like: