you are still overlooking 
Based on the Random House Dictionary, © Random House, Inc. 2013.
Replica
rep·li·ca [rep-li-kuh]
noun
a copy or reproduction of a work of art produced by the maker of the original or under his or her supervision.
any close or exact copy or reproduction.
I'm a Colt collector, ( an minor one )
I have 1 made is 1862 and delivered to the 5th Iowa Cavalry ( so lettered ) 44 Cal.
1 made in 1872 delivered to Schuler Hartley & Graham ( so lettered ) also 44 cal. in center fire
1 made in 1882 delivered to J. S. Brown Hardware ( lettered ) in 45 Colt.
Part of the interest in ownership beyond the fact they are Real Colts is the coincident they are one decade apart in manufacture.
I also have several more made in the 1970 - 78 made by Colt, they are reproductions.
that applies to work of arts, not to industrial products.
works of art are supposed to be unique, for instance, GIOCONDA, so...if someone else makes a perfect copy, it is a reproduction, as it does not come from the original artist, Leonardo Da Vinci. If the artist making the copy, is LEONARDO, then it is not a copy or a reproduction, but just "another version", or "another GIOCONDA", but allways regarded as "an original Leonardo´s".
another example if the VIRGIN IN THE CAVES, painting, which has two versions, one then exposed in London´s National Gallery...they are both original paintings from LEONARDO, and the second and improved version, is not regarded as "a copy or reproduction", but as the "second version of the VIRGIN IN THE CAVES".
so I think that you are mixing concepts here.
a COLT MODEL P made today is an original COLT SINGLE ACTION.....as the maker is the original manufacturer and is exactly the same revolver, with very very minor variants and still made by the same company. It is their model, not someone´s else, as they are not copying another company´s design, it was Colt who invented that model, so they cant copy themselves...they just still make today the model themselvfes invented in 1872.
sorry but you are the only person in the entire serious COLT collecting world, who defines a COLT model P (peacemaker) like a modern reproduction or replica. All others are replicas, but not the COLT.
the modern COLT blackpowder revolvers you mentioned, who have no collector interest, and quite overlooked by COLT COLLECTORS, were not made by COLT, as COLT did no longer have the machinery and tools to make them, that´s the reason why they are not considered as original COLTS by the collectors community, and thats why they are not much valued.
they were made by LOU IMPERATO with a mix of american frames, not made by COLT, and italian barrels, cilinders and internal parts (UBERTI).
from the competition point of view, as they are made in the XX century, the MLAIC regards them as modern reproductions. From the collector point of view, their price has deteriorated because, as I said, they were not made by Colt, thought they sold them.
they were a italian product finished by COLT, something very true in the Blackpowder line, sold by COLT BLACKPOWDER in the end of 90´s/beginning of 2000´s.
another example is the newly made MAUSER LUGERS, in the 1970´s, who are regarded as "original LUGERS" and not "a modern reproduction", for two facts:
the maker is one of the original manufacturers of P08´s, and they were made in Germany by that company, who had to buy machinery from the SWISS to make the gun again. They have gained in value in the last years exactly for taht same reason:
they were not made by a third party under contract.
another example are the LUGER Kriegoffs made today by the Kriegoff company in GERMANY. It is regarded as an authentic LUGER KRIEGGOFF exactly for the same reasons:
they are made by the same company today in GERMANY, so they are not a replica like the ones sold by INTERARMS years ago, who have no collector value at all, while the KRIEGOFFs are a good investment, and very valued by collectors today.
so you are mixing facts and guns that have nothing to do. All colt COLLECTORS in the entire planet regard de Colt model P made today by COLT, as "the original", mainly because it is made still by COLT in the good old USA.
a USFA will never reach that status, they are not COLTs.
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