Siri worklout voice alert volume automatically bumps back to default if Siri is speaking while music is playing.
To replicate:
1. Turn off phone bluetooth
2. Connect earbuds to watch via bluetooth
3. In Settings -> Siri responses -> Disable auto adjustment and manually turn on the volume of Siri to max
4. In settings -> Sounds & hepatics -> disable auto adjustment of volume. Manually drag volume to max. Turn off silent mode
5. Play apple music on Apple watch.
6. Start workout (outdoor run). Then immediately switch to the settings -> Siri responses, you will see right away that it automatically shrinks the volume of Siri response
Note that this doesn't happen when there is no concurrent music playing. It only happens when Siri is trying to speawk over music.