I would not call it an error. A freak or oddity, but failure to achieve perfect registration of the two printing plates is not, in my opinion, an error.
I too would not call this an error. I have always thought of EFO's on a continuum scale based on the nature of the deviation from what was intended, rarity, eye appeal, etc.
I would rate the misregistration on this stamp at about a 2.5 or maybe a 3. It does have eye appeal in a popular collecting area, but is not particularly valuable. I find that owner-bias tends to classify their own stamps about 1-2 levels higher than neutral parties would. I am sure I am guilty of this too.
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