1. Esri ArcGIS Pro Documentation, "Versioning options in ArcGIS Pro": This document explicitly states for the "Register as versioned with the option to move edits to base" setting: "When edits are saved, they are moved from the delta tables to the base tables... Because the edits are in the base tables, the data is accessible to other applications that may not be able to read the delta tables in a geodatabase." (Found under Manage Data > Geodatabases > Traditional versioning > Register data as versioned).
2. Esri ArcGIS Pro Documentation, "A tour of traditional versioning": This guide clarifies the standard workflow: "To merge the changes, you reconcile your version with the default version. This process applies the edits made in the default version to your version." This confirms that reconciliation is the required step for a child version to see parent changes. (Found under Manage Data > Geodatabases > Traditional versioning).
3. Esri ArcGIS Pro Documentation, "Overview of branch versioning": This document describes the branch versioning model, which is based on a service-oriented architecture. The workflow still involves discrete versions that must be reconciled to incorporate changes from other versions, such as default. (Found under Manage Data > Geodatabases > Branch versioning).