Wishing to clarify Daytona dial knowledge

[thurualle]

I'm quite a novice and just learning about the history of the Daytona from the Zenith movements to the current iterations. I have a question tho.

I was browsing a Rolex facebook group and someone posted a picture of a Daytona.

If this is a pre-ceramic Daytona dial, is it correct to say that the R from 'ROLEX' should be in line with the T from 'OYSTER'?

Cos looking at the 116500 and the 126500, the R sits between S and T of 'OYSTER', much like this picture.

And if that is so, does this mean this watch could possibly be using a 116xxx dial or 126xxx dial?