For what it is worth; When I run on a treadmill, or use an exercise bike, with built in heart rate measurement that is triggered when you hold two metal pads, those and the Apple Watch are usually within 1-3 BPM of each other when I am in the ~150 BPM range. So I'd say it is pretty precise.
But if your heartrate is that low, my guess is your watch isn't fitted properly to your wrist, or the watch can't meassure properly. Alternatively, do you have any tattoos there, or anything else that might affect readings?