Just anecdotally, the heart rate monitor seems to be wildly inaccurate at times. Over the course of a workout at the gym, my heart rate jumped to 170bpm while benching (probably close to correct), and dropped to 45bpm while deadlifting (definitely incorrect). My resting heart rate is ~55bpm.
After a few days of seeing my heart rate have a delta of ~100bpm in the matter of seconds, I've given up on the heart rate monitor being good for much.
Maybe I'm an outlier and it's accurate for other people, but for me, it was very disappointing.