Undervalued in terms of (pre owned) market price? I’d say the 000/005 and 176/177 as they’re still a proper Panerai through and through (with 300m wr,screw caseback and screwbar) but now can be had for good price (176/177 can go for lower price than 111/112)
176-177 are the only titanium 44mm plain bezel luminor with black dial (the others have tobacco dial)
For something complicated I’d go for 233 as they’re packed with features and long PR movt
For something high tech,probably I’d pick the model with composite or ceramic case
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