Just about every other dive computer manufacturer doesn’t lock out in water. Plenty do after, but they try to guide the diver to make a safe ascent.
If divers knew that they could ignore the depth limit, and still be in perfectly good shape using the watch for ascent, the depth limit would be ignored. Basically, if it’s intended to be serious, you can‘t leave the most important features on. That’s as much about human nature as it is about product design.
My guess is that if you look at the AWU as a dive computer, in unit sales, it’s already the most successful DC of all time. It’s no wonder Apple wants to begin with great caution.