I think the same as you. But the problem is that the definitions of most words today are so skewed some people don't know what to say. I think the wanton use of "restoration" comes from car culture and people thinking that making something "like" factory specs is a "restoration" when in fact it's a resto-mod. And then all the hot rodders and customizers out there giving the same story. It carries over. And people think their acting like Chip Foose to bicycles is a restoration, because who accurately restores, cares about, or collects bicycles, right?
-Gene-