There is no "analysis" to understand. Those who've had any experience with authenticating documents know very well that our civil records system does not rely on the existence of a single piece of paper. It's a vast system with several variations. It makes use of a wide variety of technology.
If Hawaii says the facts claimed are true, that's as good as it gets.
It is a detailed analysis of why this is not a print out from a template gov’t document with BO’s info, but a forged attempt to make it look like one. You can disagree with his analysis, but analysis is exactly what it is.