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One thing Omega DOES have that Rolex doesn't is three choices of metal instead of two. With Rolex you get the usual SS (yawn) for middle four figures, and the gold for about 17k. A gold Rolex Submariner isn't anymore waterproof, but it will make you a target for muggers, and you will be wearing the same watch as every middle aged guy with gold neck chains and exposed chest hair.
With Omega you can get a Titanium Seamaster, and Ti is THE metal of choice that is used for all the really demanding and top end marine applications. As far as racing blocks (pulleys) and diver's knives, titanium is all alone by itself at the top of the list.
The one other decision factor is whether you want a stopwatch function with your watch. With Omega you can have that, and the date also. Happy shopping!!
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