There has generally been a slight build up of 701s on SWR. As in fewer going to store than coming out of store. At the moment the increase in 701s does not seem to be matched by an increase in use. BUT the two factors are not simply linked. Furthermore SWR are diagraming 701s with only one spare - very ambitious. Also I can imagine there will be times when a whole block of services switch over to 701s when a critical mass of drivers at any one depot/service-group is reached.
If one of the drivers rostered to drive part of a 701s diagram for the day is not passed to drive 701s then there is a risk the whole diagram has to be covered by something more familiar - 455s.
Units with defects could easily be simple things like wheelflats. It is the leaf fall season after all and this always adversely affects unit availability. There are not enough wheel lathes to get units back quickly at this time of year. But as
@Bigfoot says - not really much evidence of 701s suffering wheelflats.