The text in 114 works on a black background but gets lost on the white. Inversely, the gear works on the white background but gets lost on the black. Maybe a lighter color or a white stroke would help there. Also, I need to be able to separate the text from the graphic in certain applications. It doesn't look like EPS maintains the layers. If you win, I'd like to get the final in AI so I can remove the text where needed. You can also try variations with the text below the gear.
The feedback I'm getting from other people in the company is that the softer, blended details are getting lost and wouldn't read well when the design is just line art. Try the gear without the specular highlight and something sharper for the center element.
Okay, this is heading in the right direction but try a purely 2D design. The 3D extrusions particularly on the text aren't going to work on an embroidered application. Try combining 123 and 147. Red text, white reticle.