The GPS Only DOES NOT have its own cell phone number. The cellular carrier does not even know you are using a GPS Only Apple Watch, and thus you can use any iPhone carrier you wish, including MNVO pay-as-you-go carriers.
The GPS only model can do everything the cellular model can do AS LONG AS your iPhone is nearby. And if you leave your iPhone at home, the GPS only model can track you exercise, and upload the stats to your iPhone when you return home.
If you were to get a cellular model AND activate the line, then the iPhone carrier would add a $10 U.S. fee to the iPhone bill. Carriers that support the Apple Watch are:
Apple Watch - Carriers - Apple
Things I do with my GPS Only Series 4 Apple Watch (AND I PAY NOTHING to my iPhone cellular carrier 😁 ).
• It tells time, date, day of the week
• Every iPhone alarm, appears on my wrist, where you can acknowledge it, dismiss it, etc…
• I like the iPhone 3rd party “Alarmed” app (http://yoctoville.com), for my alarms
• Ring.com door bell can display a static image on the Apple Watch
• Weather (this gets used a lot)
• MyRadar 3rd party app will display radar image
• MyRadar and WeatherBug 3rd party apps will send you weather alerts
• Make/Receive phone calls
• Make/Receive FaceTime audio calls
• Use Walkie-Talkie to other Apple Watches anywhere on the planet
• Silence phone ringing by pressing the digital crown (great for SPAM calls)
• Send & receive iMessages
• Send & receive SMS TEXT
• Say “Hey Siri, 14 and a half minute timer”
• Say “Hey Siri, remind me when I get home to do xyz”
• Say “Hey Siri, message my wife/husband/Susan/George/etc…”
• Say “Hey Siri, start Outdoor Walk”
• Say “Hey Siri, end workout”
• Say "Hey Siri, find my iPhone"
• Say "Hey Siri, flashlight"
• Use a 3rd party garage door opener app and device (such as MyQ)
• You can check your calendar
• Read your email
• If you need to take an iPhone picture where you cannot see the screen, use Apple Watch Camera app as a view finder/shutter release
• 3rd party Ocean's Tide app for beach visits
• Hand washing reminder and timer
• Unlock your Mac (I do this several times a day)
• Unlock your iPhone when you are wearing a mask
• Track your exercise and physical activities
Since my Wife got her Apple Watch, we have been able to reliably iMessage each other, as she never keeps here iPhone on her person.
If my Apple Watch was lost, stolen, or broken, I would order a replacement as fast as possible, as I would miss it so much.