Semantics often becomes the nemesis of the historian and researcher in following the accounts and records of the times in studying arms. This is often the case where transliterations take place from other languages, but here it is notable that the term 'cutlass' was often quite broadly used.
It does seem certain that the term as used in the estate records of Standish did refer to some type of saber, it is hard to imagine what that particular sword looked like. Perhaps because the 18th century sword with the cosmologic markings etc was a saber/hanger it may well have been presented at some point years later as in accord with that documentation, despite the obvious disparity in age.
In those times, a cutlass was primarily a common, relatively pedestrian weapon, however, the rapier was of course the weapon of a gentleman, and may be how the rapier now in the museum survived as having been Standish's .
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