I just want to comment on a few things. I don't actually own any Peterson pipes.
First, I'm guessing there is a fair bit of negativity toward Peterson just because they don't carve their pipes anymore.
This looks like pretty much the same situation as between new and old Stanwell and Rattray's pipes, but at least Peterson didn't go the full nine yards and close the factory.
The interesting thing is for all we know quality control may have improved (if the person grading the stummels hasn't changed their practices then the end product should be no different), but if the Internet says things are bad it snowballs pretty quick.
Not that I particularly care. Personally, QC is almost secondary to knowing who worked on my pipe from start to finish (thus my stubbornness in continuing to look at British pipes).
Secondly, if someone thinks that a pipe is drilled too high, specifically a bent pipe, they should look at the angle that it was drilled at. Some pipes "look" like they were drilled off but it's simply a matter of the angle of approach to the bowl, and the fact that they didn't leave a mark at the bottom may actually be positive.
Stick the back end of a drill bit in your draft hole and see how much space there is at the bottom, that will tell you if it's drilled high.
Thirdly, inflation sucks.
In my most favorite hobby, videogames, it's interesting to look at charts of the "adjusted for inflation" value of game systems. Nintendo kept the $200 price point for almost 20 years, their first home console was the most expensive that they ever produced because everything until 2006 carried a launch price of $199. Eventually the practice hurt them (along with various other factors) but the price barrier mentality is certainly not something to underestimate.
Your $200 pipe today is a $150 pipe from the year 2000. Ironically the bottom end of the scale adjusts fastest, when your product is based on having the lowest quality there's nothing left to cut, you have to increase prices as the dollar inflates, but at higher prices they can slowly skimp and cut until someone compares the same line today with what it was 20 years ago and you realize what it's actually worth.
I haven't been tracking the price of pipes over the decades, but in other hobbies where I know various companies adjust for inflation yearly, $100 items from ten years ago have increased in price by about $40 (same materials, location of manufacture, and extremely consistent quality).