The Pinetime uses a LCD. A big draw for me for the Watchy was the e-ink screen. Specifically because, y'know, battery life.
I got mine a week or two back so I haven't actually had time to run the battery right down (spent too much time plugged into my computer programming and debugging), but the software I've put together so far the battery life seems great.
Over 24 hours, the voltage value I've been displaying (rounded to the nearest tenth of a volt) went from 4.2V to 4.1V. So even under the most unfavourable rounding that's 0.1V over 24h, or still about 95% battery charge. That would be almost 20 days doing some basic processing, screen updating, etc every minute.
I'd agree about the waterproofing, however. Wearing it for a few days and knowing not only that it's not waterproof but exactly how _un_waterproof it is, it's made me a lot more conscientious about handwashing and day-to-day activities.