I quite agree. The people who are spending their time and energy on reviving the 1027 just need to let it go. Perhaps it filled a certain niche at the time it came out, for people who really absolutely positively could not afford anything better, but the world is much different now and the 1027 doesn't have a place in it anymore. (And for those who would respond, "well, you could say the same thing about Atari's computers, too, so why are you picking on the 1027 when you still like the computers?" ... no. The computers are still very enjoyable and useful today, but the 1027 in particular has been made completely obsolete, even if new print heads did exist for it.)
If you're feeling nostalgic for the 1027, clean it up all nice and pretty and put it on a shelf next to your bed, so it will be the first thing you see when you open your eyes in the morning. But if you really want good letter-quality printing from the 8-bit computers, I think you'd be better off figuring out how to connect modern USB-only printers without resorting to APE, or spending the $50 on a new XDM121 from B&C. Leave the 1027 in the past where it belongs.
Oh, at 10 minutes a sheet, I'm not looking to USE the 1027 (well, once or twice just to run it - but only after the possibilities of replacing the head with a modern remake is exhausted or realized). It was just a pretty nifty thing to pick up really cheap on EBay.
I am merely documenting the head because I can and no one else has. Just my small contribution.
As for a modern printer: I have already mentioned they still make parallel port dot matrixes. The 8-bit FAQ mentions that for inkjet and laser printers to look for Epson (RX, LX, MX, etc) emulation mode. I've also seen Epson compatible dot matrixes and even Epson dot matrixes. It may not make text that is pretty looking, but it works. A laser printer or inkjet should look prettier than dot matrix, at least for text. Of course, said inkjet or laser printer would need to have a parallel port.
I don't know what it takes to make a printer with a parallel (or serial) port and Epson emulation work once you have the proper cable adaptors and SIO to RS-232 Serial or Centronics Parallel connected ot your Atari. It might require writing your own driver for it. Ideally it would be plug and play, but how lucky would that be?