What you understand is basically correct. Regarding DC circuits it is important to point out that 1 watt = 1 amp x 1 volt under steady state (long time) conditions when transients are gone. Under those conditions an ideal capacitor looks like an open circuit (no current flow) and an ideal inductor looks like a short-circuit (no voltage across the inductor). The only power is that dissipated in resistance.
Is reactive power truly unusable?
No. Reactive power results in energy being stored in the reactive circuit components. At any instant in time the energy stored in the electric field of a capacitor is
$$E_{C}(t)=\frac{CV(t)^2}{2}$$
And energy stored in the magnetic field of an inductor is
$$E_{L}(t)=\frac{LI(t)^2}{2}$$
That energy is available to either do work or generate heat. The energy of the magnetic field, for example, is essential to motor operation. You yourself pointed out that you could use a changing magnetic field to deflect a magnet (do work).
Are Watt and Volt Amps dimensionally equivalent, just e.g. like km/s and miles/hour
Yes. Both are units of Joules/sec. A volt is a Joule/Coulomb and an ampere is a Coulomb per second. The units of watts, whether they be electrical watts or watts of mechanical work, are Joules/sec.
If so, would using watts to denote apparent power be "technically correct" (and merely "wrong by convention")?
No it would not be technically correct. They both have units of Joules/sec but Volt-Amperes does not take into account any phase difference between voltage and current that would occur with reactive components (inductors, capacitors) in the circuit. For example, the average ac power in watts is given by $V_{rms}I_{rms}\cos\theta$ where θ is the phase angle between voltage and current. The angle is zero for purely resistive circuits so that the cos is 1.
But this sounds strange, because then it seems like "not all watts are created equal"
I think it's more accurate to say "not all volt-amperes are considered equal"
The product of voltage and current, without any knowledge of the circuit elements, is called volt-amperes and not watts. If the circuit is purely resistive, than volt-amps is the same as watts.
I guess you could say that all watts are volt-amperes but not all volt-amperes are watts.
Most of this makes sense. But what's troubling me is the idea that you use a different unit just because of context. "I guess you could say that all watts are volt-amperes but not all volt-amperes are watts." this makes sense, but it doesn't explain why we don't just universally use "VA", or universally use "W", and add on the stipulation of what we mean "Watts apparent" or "VA resistive".
I understand why this can be troublesome. First of all, the units are not different, but the same, i.e., Joules/sec. You don't have to think of the labels "watts" and "volt-amperes" as being electrical units. It is just that "watts" connotes in phase current and voltage and has traditionally been associated with resistive loads while "volt-amperes" leaves it open. I think you will find the term "volt-amperes" used when no detail is give on just what the voltage across and the current to particular circuit elements are. When in doubt, I always use the term volt-amperes since this is the most all inclusive term.
Hope this helps.
Becquerel
was a better choice than to uses^-1
. I'm not a fan of this though: "Whereas 1 Hz is 1 cycle per second, 1 Bq is 1 aperiodic radioactivity event per second." The distinction seems to subtle/pedantic there, but it's similar to the reasoning behind the Baud, so I digress. $\endgroup$