Hi Phil, the stretch doesn't look bad at all now to be honest-better than a lot of them.
That aside, I find it hard to believe (have never heard) that anyone would have an issue with a GF bracelet that has had the pins replaced to make it tighter. And while it has to be acknowledged these are quite valuable objects, I wouldn't have ever thought doing so would detract from the value, quite the opposite. (but this is not to be compared with a vintage watch IMO-where you do have to be very careful what you do and don't have 'reconditioned'.)
The main concern of course would be if it were done badly and the links weren't properly repaired-so it would take a real expert to do a good job.
Best, Steve
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