The 120 is pretty neat, but there's something about it that bothers me. The bowl looks short, and when I look at it in its case I can't help but wonder if it was topped at some point, reblasted and restained. That's a lot of space at the top between the rim and the interior top of the case.
The diligence of your skepticism is impressive, Mr. J. :clap:
As justified as it is regarding Ebay in general and this vendor in particular (we all remember that "mint"---but topped---gold banded Barling you spotted a couple years ago), in this case I think it's a bit of confirmation bias leaking through. While the bowl is proportionally somewhat short, Dunhill's dimensions were all over the place in those early sandblast years; and the extra space at the top of the case could be anything from casual workmanship to cases being sized after a pipe was shaped but before it was blasted for production efficiency reasons, and more of the rim was lost than anticipated (it certainly looks like a fair-sized chunk came away).
Mostly, though, I do a fair amount of blast topping myself so know what's involved, and that would be absolutely stellar work. If done in days gone by, the question would be why, since such pipes weren't worth much until the Pipe Show Era; and if it was done recently, I'd probably have heard of anyone with that skill set before now. In short, it both looks original to me
and I can't come up with a likely scenario for it being otherwise.