Is it ok to copy a W5 head and make it better or are we just mad at Speedmaster

If you are doing a casting that is a complete copy of the W5, down to the logo, sure, you're probably as bad as Speedmaster. But you wouldn't do an exact copy, you'd make changes to the design.
I thought Brett Miller was working on something?

All the Edelbrock head copies started with someone sending a head to Steven Sun @ CFL Engine Parts manufactory Co.,Ltd, or somewhere like it, and asking him to make them. Then they've been purchased by everyone else.

Brett is the guy working on it. It’s not a secret, been all over Facebook for a while.