This isnt much a suggestion, as i doubt they will actually remove it because community back lash (I still think it would be a good idea once people properly play around with it, rather than immediately judging. I believe it would be a good experiment). But i believe Wanda would be more interesting without the alarming clock, and be an actual glass cannon. It would make her much better and more interesting in my opinion. This isnt just about balance, because i believe the alarming clock limits Wanda's playstyle and allows for little variation as it overpowers other weapons.
Why this would make Wanda more Interesting?
This would make her much less limited in weapon choices, as other shadow weapons (currently only darksword and riff gear) will be viable. They can expand the shadow weapons to include the sheild of terror and the thulicite club. I dont really like a character having a "Main weapon). I have tried her with darkswords, they have much less dps, but feel more interesting and risky. (She still has stepback watches remember).
To compensate, her shadow magic modifier will be increased since it isnt actually that high, its just because the alarming clock base damage. She would be a better designed glass cannon, as she doesnt have an extremely safe and powerful weapon that passes damage thresholds no other character can pass as easily, and will actually have to get in close and risk damage.
An Expansion and Focus on other time aspects of Wanda
With the removal of the alarming clock making her feel combat focused, they could focus on the utility aspect of time in her skilltree, and balance will be less an issue so there is more free room. She could make things grow faster (not instant growth like Wickerbottom), slow things down, reverse/speed up spoilage, and speed up monster spawns.
She can also speed up movement speed, working speed, and other things. Not all of these ideas could be implemented, i just tried to put down everything that i imagine she could affect. She already has her teleports too, so she wont become bare without the alarming clock.