I don’t quite get how hosed I am. Does the backup mostly back up settings so that setting it up as new will take longer but one can eventually get a watch back to the way it was or is there something fundamentally lost? The stuff I’ve read mentions that backups backs up health awards, etc., but I have all of that in the Activity app on my watch. If I set up as new, will the watch understand the connection to past activity or am I a new person now disconnected from that data. Same with Health app stuff. Will it not understand that, say, past sleep data relates to this watch if it is set up as a new? Is all that past data stored on my phone from my previous watch now orphaned on my phone?