UPDATE 5/13/17:
Moto 360 Gen-2, 46mm
LG-V10 on Marshmallow
For a few days running 1.5 my watch now seems to be fully recovered. I didn't do anything. On a whim I took it off airplane mode from nightstand clock duties. It just all of a sudden started receiving android messages, gmail and phone call notifications. I have no idea how or why this is happening now and not in the preceding months...????
Last night I got a notification for an android wear update to 2.0. I quickly terminated and declined the update before any damage could be done. Not sure how long I can continue this way... continually denying AW updates. But I have turned off auto-updates across the board. Unless there's a way to set updates individually for each app. I'm lucky I caught it.
So far, all continues to be well this morning. While I am happy my watch now works, this does not change my viewpoints overall on Android Wear or my moto 360. Honestly its just too unreliable and unpredictable for a $325 device.