Apple ITS have looked at this and say it is an apple iOS bug and have asked us to raise a bug report via the Apple Developer Feedback Assistant service. We have done this. If you are experiencing a similar problem please raise the issue on the Feedback Assistant too - the more they get the more likely they are to pay attention Feedback Assistant

worked for me running a target under rosetta on an M1 mac

Yes. Location is working ok

This worked! Thank you - I have spent days trying to get WatchOS debugging on a real device working again with Xcode 15.0.1.