For other's playing along. You setup your new iPhone first and if using the Quick Start it will ask about paring your Watch. It is not instant and you might want to have your Watch charger while it restarts and then syncs data. Please keep your new iPhone near your watch so the Data can sync over Bluetooth.Okay, so took 6 minutes to restore from encrypted backup. Immediately afterwards it asked if I wanted to move my watch which I said yes to and that took 10 seconds,
Dave