'Raised' is an old School method where the numeral was actually stamped through the rear of the Dial to give a 'raised' appearance on the Face.
'Applied' numerals are just that, the numerals are applied (attached) to the Dial typically via a pin.
is the way I understand it.
Black printed numerals and Black Hands are seen fairly often on the 'EXCELLENCY' series Watches which IMO are directly related to the 'AA's.
There are 2 known variants of the 'AA' I can recall, possibly (probably) more that show printed Black numerals with Black Hands. Perhaps the Grey shadow Dial with Black and Black as depicted in the infamous Spanish ad was not a particularly hot seller therefore being a rarer piece and one We as a group have yet to see...?
"The ad is wrong" has been the battlecry before only to be proven to be an incorrect statement.
2c