Using Outlook for Android in business environments for email and scheduling
Thanks to everyone that suggested Sectograph as an alternative!
Since MS is completely silent about the issue with Outlook and WearOS syncing, I decided to give Sectograph a go. It does everything I need, which is specifically having my Outlook calendar events on the watch face, and if you click on an event, it opens allowing you to see details. I'm not bothered with missing e-mail sync from Outlook, as I still get notified on incoming e-mails via regular WearOS notifications. I'm not reading e-mails on my Ticwatch Pro 5.
After a few hours I purchased the premium version of Sectograph as it allows for visual customizations of the watch face (widget). Great for my OCD-ish preferences.
Could not care less about MS now, as I moved on. I fully appreciate the fact we all have different needs, and mine are fullfilled now.
Thanks again.