I just put mine onto the bracelet, I think I prefer it that way. The springbars sit pretty low in the lugs, leaves a lot of vertical gap (imo), between the top of the strap and the top of the watch (crystal). But that is just me obsessing.
One thing to keep in mind with this watch when comparing it with the Aqua Terra or Standard Dates is that it is a lot thicker/bulkier than those models. From pictures, one can get the impression that it has the form factor of a normal dress watch, but it is definitely has more mass than that category.
As for the price, well, I don't begrudge it, but I get these things about as cheap as possible living in Japan, getting 10% rebate on yodobashi points, etc. But even at that, my impression from the past few years is that Orient Star is slowly moving a little more upscale, prices in denominated in yen for new models have been increasing. This probably hasn't been as obvious from a foreign country because the dropping yen of the past few years masks this effect in foreign currency. If the yen were were it was at about 3 years ago, this would probably be about $1300 dollars. Seems to me like there is increasing value to match the increasing prices, the finishing on new models is just killer, you see a display case of current Orient Stars and it just sparkles. This watch does too, but I'm not very good at capturing it.