Android Wear may have improved, but in my year or so of wearing a Moto 360 v1 I experienced such various bugs as showing the wrong time on the watch face (yes!), boot loops which were completely unrecoverable without the use of the charging dock, missing notifications due to silly Android permission issues, failure to turn the screen on for notifications, "Unfortunately, Android Wear has stopped", and plenty of bluetooth disconnects. All that among various hardware issues such as general slow performance, touchscreen unreliability that requires you to stare at the watch to confirm the receipt of each swipe, and a heart rate sensor that might as well be replaced with a random number generator.
Switching to Pebble Time Round after that was a revelation.
I know it probably doesn't matter to you now, but the M360v1 is widely regarded as one of the worst android wear watches.
It was built on a platform that the company making it left the business partially through it's development. It was made with a different screen type (and processor arch IIRC) than other watches, it was significantly slower than other watches, and has had some QC issues where batteries at this point are beginning to swell up and make the watch unusable (it seems to be hitting everyone, the only factor is how long it'll take).
I loved my v1 like how I loved my first shitty car, and that might just be a mix of stockholm syndrome and nostalgia (not sure if that's the right word there...), but I currently have a fossil founder that my wife got me as a gift and it clearly improves on the M360v1 in just about every way.
Obviously you do you, but if you ever end up wanting to take another look at the landscape, just know that your experience with android wear was probably the worse you could have had, and that things are all around much better now.
I actually have the 2nd generation Moto 360, and have not experienced any of those issues at all. The only thing I could complain about is how the watch face resets when the watch runs out of power. Not a big deal, the time is still shown correctly, and to set the correct watch face I'd just have to open the Wear app again and tap it. But still annoying.
The heart rate sensor also seems consistent at least, though I have nothing to compare it with.
Anyway, funny to see how these things go and how our experiences are basically opposites.
Switching to Pebble Time Round after that was a revelation.