Thanks, Khan! I'll admit, before this, that was my perspective on the 'W' brand as well. (Like, for whatever reason, I just remember lots of neon and bright colors. Maybe that's more of a 'Moxy' brand thing, nowadays) If W in the Maldives is any indication, I think it's a good shift for them.
As far as room product, focusing on points-redemption options in the Maldives, other than the W, I'd specifically recommend any newer (or newly renovated) luxury properties, like Ritz-Carlton Maldives and Fari Islands or Waldorf Astoria Maldives Ithaafushi, because you get such a 'grand' villa, overwater or beach. For Hyatt enthusiasts, and perhaps at a lower total points cost, I'd actually recommend Alila Kothaifaru Maldives (over Park Hyatt), because it is newer (opened 2022), even though its villas are not as 'grand' as the RC or WA.
On service, I must say, nearly all these properties are pretty top-notch, compared to almost anywhere else in the world. While the W did not have a dedicated 'butler' for each villa, I personally don't really need that level of attention, so it didn't bother me. (Like, I can unpack my own stuff.) At properties like RC, WA, St. Regis, etc., you do get that individual attention, which can be helpful for those who seek it.
As far as breakfasts go, the standouts to me are the St. Regis Maldives Vommuli (I couldn't resist their lobster omelet with crab and caviar, daily) and Waldorf Astoria Maldives Ithaafushi (best buffet and a la carte ordering, overall), namely because of the complimentary breakfast benefits with their respective program's status, for Marriott Platinum and Hilton Gold (and above). You're right to focus on breakfast because you can basically load-up on that first meal, skip lunch, and make it through to dinner (a la carte), saving a lot of money that way. F&B is how they 'get' ya.
If Ben hasn't already covered some of those other properties, I can dig up my photos and notes, maybe make this into a running, monthly 'community review' topic on the other spots. I've been a lot of other places, but the Maldives is one that I keep wanting to go back to, especially since I like snorkeling and also because it can be outsized value for the points redemptions. Hope this helps!