Yes, watch this. Then, watch Reefer Madness - The Musical (yes, this is a real thing). You will thank me afterwards.

Your elemnt bolt will connect to any ant+ hrm, so you can get any ant+ hrm (including, say, garmin, polar, etc). It will work just as well as a wahoo hrm with no downsides or caveats.

I personally use a polar sense with my elemnt bolt. Weirdly, I prefer to wear it around my ankle, under my socks :)