Wow that took a while to read! Can I lend you a few fullstops?
Back on subject: I have up and down feelings about tribute acts, but I think it is all down to the people that do them. I haven't been here long, and I think I joined the board kind of in the midle of whatever happened, but from what I can tell Peat Loaf is a big Meat fan. He always seems to want to mention that he is a fan and wants to share/publicise Meat's music and not steal it. (sorry if it sems I am talking as if you are not here Peat, it is weird writing when someone may or may not be reading!)
Anyway, I don't really know the situation, and I have never seen Peat, but that is my two cents, or pence.
At the end of the day, everyone here loves Meat's music and so we all share something very special. We should always let that be at the front of our minds as we are not just fans, we are a community :)