The oval labels seem too big and wrongly placed on these, and I have always preferred metal badges to plastic labels anyway.
Something superior could be easily made (considering the price that this will fetch, a new label would be trivial) and probably look much better.
Of course, this item will be bought by a purist, so the label may well be very important. If I bought it, and I won't, I would be pleased to leave it naked. I only wish that the oval depression was not there.