I used to use a dive watch when teaching pool classes so I could keep track of the time while doing the deeper parts of the classes. On two different occasions, I had something far worse than a swinging minute arm. On those two occasions, I was feeling that things were going remarkably well in terms of getting done in a timely fashion, but when we came up from that portion of the class and I saw the clock on the wall, I saw that my watch had suddenly gone wrong. In each case, it was at least 10 minutes slow. It had apparently stopped for a while and then restarted. It was working just fine when I looked at it, but it had somehow lost that much time.I had a watch who’s minute arm started swinging freely during a dive.
The only problem for me on those days was a slightly messed up class schedule, but if I had been using that watch to time a dive while using tables, I could have been seriously screwed.
I have been using a computer since about my 20th dive a quarter century ago, and I have never had a failure while I was diving. I did own a very defective Uwatec for a while that would kill its battery while it was being stored between dive trips, but I never used it for anything other than a backup. It was later recalled, but I was never notified and did not find out until after the allowed period for replacement, and so it just became a paperweight.