I'm wondering if there is a consensus about the differences between homages, copies and replicas.

To me a Homage is Ok and is one of two things. It is either a watch that purposefully shares design elements with a classic or well known watch or a watch that closely (or possibly even directly) copies a no longer produced classic watch-preferably bu the original manufacturer of that watch.

A copy is a watch that looks exactly the same as a classic watch save the logo and the size (may be bigger or smaller). These do not thrill me as I feel like I am just trying to replicate the classic watch at a lower price.

A replica (or fake) is illegal and has the branding of a manufacturer but is not from them. They suck...

Is this how you guys see it?