I've worked on all 4 models of the repro scopes that appear to be on the market and I am quite sure it is not a repro.
Also, being a Mk. III, as all repro's so far, are Mk.1/2 configuration.
There is a repro dealer with a CNC engraving machine and could have done the logo but the scope just does not have the features of a repro scope or not those of the ones I have worked on.
Considering the number of lunch bucket 32 scopes I have worked on over the years, you would have to tear it down to be 100% sure.
Probably the best way is to have the owner remove the erector cell adjusting cover and see what is under there.
All the repro's so far, did not have a zamacicon or brass segment.
No harm done to the scope and a way to check.
cheers,