I think $1200 for a Capeland Chrono is a solid deal. Nothing wrong with a 7750 movement at this pricepoint, IMO. If it were an $8k watch, I'd have a different opinion. (Aside - Valjoux 7750 = ETA 7750, as ETA swallowed Valjoux a looooong time ago.) As it happens, one of my buddies at the office has this exact BM and wears it on a medium brown croc - looks pretty darned nice.
The Speedy would be my preference, too, but it's more than double the price. Buy what you like within your budget.