a smaller 47 (if they would ever think about it) won't be the same. the Egiziano was and therefore must be 60 mm. But as you said, how do you wear such a watch ? Imo it is THE collectors item, and if you allow me I think it's even more special than the 203. A 203 might have a more important movement but the 1950 case is not that special, a lot of watches use this case while the Egiziano will imo always be a very unique Panerai. A poll from another person on another site made me think about this Egiziano or 203.
Well, if I could afford it and if I could get one .... please give me the EGIZIANO !