I do not understand what your question "Watermarks?" means.
The watermarks are irrelevant. All 'Penny Red' stamps with letters in all four corners have the plate number engraved into the die. No one of those with letters only in the bottom corners have the plate number engraved into the die. The former exist only perforated, the latter exist perforated and imperforate.
As for OP's initial posts: OP posted British stamps issued during the reign of King George V. The permanent stamps come with designs that use a three-quarter face portrait and a profile head,
The former was based on photographs taken by the court photographers who had the family name 'Downey'. Consequently, the stamps are known as 'Downey Heads.'
The profile head was the work of Bertram Mackennal. These are known as 'Profile Heads' or 'Mackennals.' These exist printed using surface printing and using photogravure. The latter are easy to identify as the background to the portrait has a solid colour instead of lines.
For almost all other stamps, you have to check the watermarks to even get an idea of which stamp you may be looking at. The watermarks used during the reign are:
