Using classic Outlook for Windows in business environments
This is mostly confirmed (if not acknowledged), although I think someone saw it mentioned on AOL of yahoo offically: use export.imap.aol.com instead of imap.aol.com and you get them all back. I suspect the batching of updates depends on the power of your PC and/or internet connection. For me, old slow PC had a lot of pauses, newer one moved steadily and finished much faster.
Cost, not sure if it's acknowledged, is that your spam folder by whatever name, spam or bulk mail, is NOT supported in the mail client (exist but empty). For me that's an annoyance but not serious. I like that I can search with the index all those tens of thousands of messages (and in the newer PC, the index built as fast as it came in; in the old one I had maybe 20,000 to go when the mail was all in). If the cost is logging into webmail to check for misclassified spam, I'll live with it. (And moving it in outlook doesn't teach AOL's algorithms.)
I only check the spam folder every few days or less, so logging into webmail is ok. I also flag as spam by logging in (used to do AOL, now I see it can be marked in webmail and it's a little easier). I do that because it learns that way, and it somewhat works (4 of 5 recent McAfee expired scam emails were properly moved; I only had to mark one).
BTW, even if the email wasn't obvious, I would know it's a SCAM because I get it free with my paid AOL subscription. If it was being dropped, I 'd get an AOL email telling me my benefits changed.