As the chart indicates, opting for a steel 3861 Speedmaster comes with ~12.5% increase in price for the sapphire and a ~17.8% increase for the Hesalite example. Given the availability of the previous (and now discontinued 1861 Speedy Pros, there is a chance that the secondary market will close that gap, and if what you want is a Speedmaster, it’s hard to argue with either as a shining final outcome. That said, for the Master Co-Axial movement (which has hacking), the updated bracelet design, the thinner case profile, and the other tweaks covered above, a roughly $1,000 premium doesn’t feel at all out of line. Heck, there are likely a bunch of 1861 owners willing to spend a grand for the new bracelet – assuming it fits.
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