I believe you're wrong here. If you modify a hardlinked file, the FS will create new inodes under the hood, leaving existing ones intact. So it's like CoW. At least on ext4.
// Didn't double-check, but I've held this belief for over decade now, would be surprised to be proven wrong
No this is completely incorrect. The filesystem doesn’t break a link just if you open it. Your editor or higher level utility is free to do so (by unlinking and copying the data into a new file/inode), but this is not how the filesystem works.
Changing a hardlinked file changes it everywhere, unless your specific editor happens to create a new inode. Thus it depends on your editor.
CoW is similar except the new inode is created by the file system itself and is independent of the editor.
You're about to be very surprised!
Some programs like GNU sed [1] do create new inodes, but that is a property of the application, not the filesystem: With reflinks in a CoW filesystem the inodes are different from the start, but share the same underlying blocks: [1] https://www.gnu.org/software/sed/manual/html_node/Command_00...