Apparently my Playdate does not autolock anymore--except when not powered. It doesn't switch to the clock if it's plugged into the wall, unless I lock manually.
This is true running any game, or just sitting on the Launcher screen.
(I'm running 1.12.3--maybe that's when the change happened?)
When you say "plugged into the wall," do you mean that literally? I'm speculating but if your device is plugged into a computer and the Simulator is running, the serial connection might be what's keeping it awake.