That sight looks like the cheap copy of FWB sights that have been offered by several companies in the last few years. You don’t want one. It’s heavy, has rather sloppy adjustments, and its mounting foot is a cheap sharp-edged stamped thing that can scratch the gun. (Yes, I am a terrible snob when it comes to diopters, LOL).
Weihrauch’s own classic OOP diopters will fit, but my personal preference is old Anschutz sights. They can be found all over Ebay, gun shows, etc. They fit perfectly, have precise adjustments, and (unlike HW’s old sight) leaves plenty of room for your thumb behind the receiver.
This pic shows a classic HW 55 CM (same groove spacing as the HW 77) with a classic old steel Anschutz “Universal” sight. My avatar pic is another variation of this sight on another 55.
I was hoping that the rear sight on the HW77 diopter was one of their own, spending nearly $400.00 plus to get a set of the Anschutz sights means it's cheaper to just buy the new 77 already set up. I don't get to many gun show's and trying to find a very nice set for under $300.00 is not that easy. Being just an avid plinker, I'm not a complete snob on buying the best sights, but reason comes into play when I"m looking at a 3rd 77 just for this option. I guess I can always put the original sights back on the rifle when it's time to sell, and use the diopter set on something else. So the Anschutz are that much nicer than the Weirauchs?