No, because proportions. And proportions haven't changed just because the wrist watch in question is made by Apple and is an amazing value:
The size of the case and the depth/thickness of the Ultra with its 49x44x14 case will look disproportionate on anyone with a wrist below 9-9.5 inches.
Yes, I'm fully aware of the numerous night-and-day pros the Ultra has over standard AW and how abysmal some use cases can be for the standard AW because of its (comparatively) terrible battery life.
But I don't want to hear anymore of this "it looks fine on anyone" -No, on average sized wrists, male or female, it looks like a big medical device that your GP is having you wear during your checkup to do an EKG, or some wrist worn GPS hiking computer.
A wrist in the 7.5"-9" range can do the 42mm-45mm.
Below 7" range, you only have one AW option, 42mm.
Wrists above 9.5 is where the Ultra looks proportionate and starts looking like a wrist watch.
Sucks, I know. But its just how the human eye/mind looks at shapes and sizes.