Surprisingly, the issue was still awful, like 6 or 8 hours max until I left my watch charging while off all of Saturday.
I put my watch in at 5:30am my time, 8 hours ago, and I'm still at 84% battery. That's so much better.
I haven't tried aod yet, however.
I'm just saying it's a lucky workaround
Thanks guys for the solution! I tried many resets with restore and without but turning on the "Touch to wake feature" fixed the excessive battery drain when Always on display was enabled. I didnt have issues battery drain when Always on display was off.
I received a new update Friday, and boy did itever improve the battery life. They also reverted the sync alarm feature. It now behaves like it used to.
With aod off, I put my watch on at 8am, it still has 77% battery left. That's fantastic.