Rather than a knock off, I consider the Scout a wake-up call...for the Handi rifle. I have handled several of each recently. The Scout feels like higher quality to me. Carbineman's comments about the lever position is good, in addition its a bit hard to reach in that its not an easy reach for your index finger. But that is my only complaint, and a minor one. Other than that, the metal work is more attractive, the bluing is very attractive, they offer most if not all of their calibers in stainless, the hammer is a low profile, a nice scope mount is included. There is no tightness at all in opening the action, it effortlessly opens just from the weight of the barrel.
In short, a number of the complaints you read about on this forum are not issues with the Scout. When I can find a stainless 44 mag, I will buy it. I would like a 223 as well, but they don't make one yet. If the Scout stays around, it will give the Handi a run for its money.
Prices I see are largely similar to each other. The Scout is aimed at the Handi market, as their Apex is aimed at Thompson.
Oh, if you have to have a wood stock, stick with the Handi.