These are personal feelings, so there's no right or wrong, just differences between people.
My Apple Watch is the only watch I wear these days, including for formal occasions. I have a variety of bands, so when I dress up I bring out the Milanese Loop from my original stainless steel Watch, which looks just fine with my current aluminum Series 4. I may also choose a different watch face. I think it's at least as elegant as the rest of me (though I haven't done the James Bond-in-tux thing in some years).
I happen to get a lot of pleasure from wearing my Watch, in large part because I've found it to be such a functional tool. I like functional. And while I'm appreciative of a nice piece of jewelry on someone else, I've never been particularly comfortable wearing jewelry. We all have our sense of personal style, and mine tends to be "un-ornamented."
I'm going to lump mechanical watches into the same category as black vinyl disks and vintage English sports cars - there will always be those who appreciate them as classic examples of old-time technology. However, as a former recording engineer, when I look at/listen to a black vinyl disk, I can't get past the flaws; the same flaws my profession was constantly fighting to overcome until digital came along (there are new flaws, of course, but far less egregious). Same thing with those old cars. Constant tune-ups? Replacing and adjusting the carburetor, rotors and points, spark plugs, spark plug wires? Leaky convertible tops, no cargo capacity, too noisy for conversation, no cruise control... I understand how all that tinkering can be a pleasurable hobby, just as I got professional satisfaction from adjusting analog tape recorders for maximum performance. Different four-strokes for different folks.
In my case, I love looking at antique machinery at Michigan's Henry Ford Museum/Greenfield Village. Man, the industrial design of those old steam locomotives, Edison's early electric generating plants, the glass-blowing exhibitions... it gives me renewed appreciation for the sophistication of our ancestors. Many of the comments I read about mechanical watches show that same kind of appreciation. So I do get it, it just happens that watches don't excite my passions to the same degree.