It could also be explained that the printed label on the fake version was printed with insufficient print bleed that meant when punched out left a slight white border. (The labels would be printed 40-up+ on a sheet and therefore and variance when die-cutting the label could cause a slight white border.)
Or am I missing something else?
Of course all things are possible, but my source on this one is none other than eil.com. I've purchased many things from them over the years, so they told me how to spot a fake. I should ask them about Live Like A Suicide.