It's a redial, but it's the best I've ever seen on a Cosmic. The giveaway: the ink is too thick (we call it "over-inked"). It really stands out on the first "e" in Seamaster.
Hold on for more information. I thought the crosshair coming up from 6 and running between the S and M of COSMIC was a problem too, but now I see a different reference (166.0022) that had this on it's dial.