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Lots of debate on this topic. H601 is not Divers rated although it's 150m. Obviously it's not the exact Arnie, but only a WIS would know that. I own both models and really do have to say- Both are awesome. I paid over 500usd for this one. Well worth the money. It was NOS though. The bezel is easier to turn on my H601 than on my two H558's. Strange but true. They are so similiar, slight differences in functions and dial print, but imo worth 350 to 550USD depending on condition. Just a classic design.
 

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I think H558 is worth more but it all depends on condition... My H601 cost more but it was MINT. If the H558's were MINT too they would have been more I think. Hang on, let me compare the two digi read outs.
 

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The Crown is smaller on H601 as well as the hands. H601 also tells me the month too. Actually both models are so new to me this was a good exercise. Not sure if i'm much help. I'm all over the place, my pics stink. If I had to choose I would say I like the H601... looks neater? However, the H558 is "The" Arnie, and its diver rated.
 
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