The one that worries us most
You cannot re-read, and on a wrist you cannot repair it either.
Skilled readers make a backwards saccade on roughly one saccade in seven, and many of those are comprehension failures being fixed in real time rather than motor accidents. Single-word presentation removes that ability. On a desktop you can stop, scrub back and read the sentence properly with a keyboard under your hands — the repair mechanism that makes the format survivable. On a wrist there is no keyboard, the scrub target is a few millimetres wide, and your arm is moving.
This is not a limitation we expect to design away. It is the reason the honest pitch here is four paragraphs in a queue rather than a book on your arm, and the reason complex prose belongs on a surface that lets you go backwards.