The honor code is simply an answer to the question "Do teams ever cheat?". Remember, we are all part of FIRST not to win, but to play with everyone else. We love FIRST so much that we would shame ourselves to even think of intentionally sneaking around the very loose rules that are imposed.
I am going to make a distinction on what I consider cheating. Cheating is intentionally ignoring the explicitly or implicitly stated rules in the competition manual, with the intention of gaining an unfair advantage over other teams. If you don't know what cheating is, then you should go play in a different sandbox.
I feel I need to further by reminding people not to use accusations of cheating to mask feelings of jealousy, most notably against an experienced three digit team from the West Coast. We all feel jealousy at one time or another, but sometimes we are so amazed (and jealous) of a team's ingenious and effective ideas that sometimes give them the upper hand against us. And this jealousy can lead us to conclude that the other team
must be cheating. And needs to be punished.
And for all the time that you are thinking about this, the other team is actually focusing on things that really matter (i.e. anything but jealousy).
If it really bothers you so much then go up to the team and start asking questions. What materials do they use and why? Did any real life object serve as inspiration? Who is in charge of what? What to do if you have more questions? You will invariably discover that all teams respect the game and its rules just like you.