Considering the strap itself is better than the entire AppleWatch. I'd take the strap.
heck, call it anything you want, it's already more practical with much better compatibility and battery life
unless sending your heartbeats to others is a "Must have".. then I agree with you
sorry but a stainless steel band is better than any leather that it must be changed because of sweat and skin over 1-2 years
so stainless steel will not be obsolete like leather