It would make it F2. You always go one more step/number from the original.
A mutt would be if it was a hybrid with another species.
Actually Blair I disagree with your statement but only in part. I would not consider the resulting offspring an F-2 but simply as "tank raised" but with good parental lineage. I believe an F-0 parent breeding with an F-1 parent is better than two F-1 parents,
especially if the two F-1 parents are siblings. But IMHO, you can't have a fish rated as F-2 when there are two ways to reach that.
Example: F-0 x F-1 as opposed to F-1 x F-1 do not both equal F-2.
This is another example why the way our hobby uses the "F" system is flawed. Too many differences of opinion when the parentage is not equal in generation.
And also, my statement about it being a mutt was poorly used. In Mike's question regarding the term "mutt" I was implying that it wasn't IMHO any "F" rating and was a mutt within it's own specie without crossing that line of hybridization. I should have taken the time to explain my post more efficiently, or just not used the term mutt.
You are absolutely correct though that when referring to any fish as a "mutt" it is generally meant as a hybrid (and totally a garbage fish that should be culled....but you know where I stand on hybrids, LOL).