I've found this article and it refers to an internal memo, but no other article/post with a link to Apple saying that warranty/AC+ covered watches will get SpO2.It was in a MacRumors main page article when the ban was first announced. I'll have to take a look to see if I can find it. Last November I sent my S6 in for battery service under AppleCare+ and I received a replacement S6 model ending with LL/A. Unless something has changed, I don't understand why you received a replacement with LW/A..
The only reason that I can think of receiving the LW/A model is that they ran out of refurb'd LL/A and there were not enough AC+ cases wanting/needing them to produce more LW/A, but who knows. And the model number should be a firmware update, HW should be identical.
Googling this issue revealed quite a few reddit posts where folks have the same experience I'm going through, several indicating that they had to sign a waiver for not getting SpO2 back (those were before SpO2 was re-enabled), and someone claiming that Apple had a policy that no "compensation/upgrades" would be granted in the replacement process ...
I'll be working on that tcook email, meanwhile I'm leaning heavily to return this refurb watch and just leave this case open for some time