I have owned several of these and own one currently. Everything about this is right. The pants are legit - they are not the Cap pants. The Cap pants are a different shade of blue and can be spotted fairly easily. From the pictures - as far as I can tell - there are no pin holes in the shoes. These are the correct pants, shirt, shoes, and head for this figure.
The camera was not made for this figure, so it is just a bonus. These were not sent with a Type 1 or Type 2 body, they (the head, shoes, shirt, and pants) came in a baggie inside a brown mailer box with Clark Kent. You had to secure a body to dress. If a kid waited to build his Alter Ego, he could have used either a Type 1 or Type 2 body once they were released. The clothes fit tighter on a Type 2, but they work nonetheless. So the body type is not relevant either.
If someone has been looking for this figure, this is as nice a set as I have seen offered in a long time.
Even though the auction description has been argued, cussed, discussed, and scrutinized, none of that changes the fact that this is a genuine, authentic Peter Parker Alter Ego.
Disclaimer: This is all my opinion and nothing else

You can take it and $8 and go buy yourself a Starbucks coffee.