Kaywoodie never had hand cut stems, nor Lee's. Either before or after the Great War. Molded stems are not lower quality, and the stem is reshaped and the button cleaned up. Molded stems have mold lines on them that need to he sanded. The stem has to be flushed to the shank. One can also change the draught hole, the funnel, everything. It is hard to tell when you are finished. More a matter of how much extra work is done to the premold stem. I make nQa Pipes stems from rod and production Greywoodie pipes from premold stems. Some do not know the difference. Price is a big one. Hand cutting a stem takes a long time, maybe as long as the rest of the pipe. All to emulate what a premade stem will look like. Lol.