I have the same size wrist as you. Would you say the 38mm is too small for you and are you going with the 42mm size watch instead, or will you keep the 38mm and use it?
I do not believe the 38mm is too small. I have cancelled my 42mm order.
Honestly, this watch will either get a band exchange or go back. There is NO way this band is worth $200. Premium? I think not. It feels and looks like cardboard. Also, I don't get enough notifications to justify owning it.
I use a Nike+ GPS watch with foot pod for running, so other than heart rate, I see no justification for this purchase.