iPadOS 16.1 Watchtower crash [Fixed. Please see the approved answer for details.]

Great it work for you @Terylon ! I was not asked to send an error report, so maybe there are variations of the error or different bug collection behaviors (“a b testing” and things like that).
Watchtower is not disabled in my settings i.e. of the three options below security under the watchtower heading, 2 of 3 are enabled. “Check for vulnerable passwords” is disabled (again) as I originally thought that this triggered the bug.
This is on my iPad Pro 10.5 with iOS 16.2 just to be clear.