I vaguely remember handing over the Falkland Islands to Argentina was actually on the cards before the invasion, so perhaps surprisingly the answer is "yes".
It seems like people forget that the UK ceded everything from Ireland which was a UK constituent as opposed to a UK subject as well as Canada, Australia, India and numerous other territories.
In the UK, parliament is supreme and has the final authority.
https://assets.publishing.service.gov.uk/government/uploads/...
High level overview is that it doesn’t look that different, and like most things concerning UK law and the laws of Crown Dependencies, a lot of it is just custom. There’s long been a debate over how much the UK’s Parliament can unilaterally legislate over them without their consent which remains largely untested because by custom they don’t. Overseas Territories are to my understanding creatures of the UK Parliament and remnants of the Empire whereas Jersey and Guernsey are the remnants of Normandy which the British Crown managed to retain when they lost the mainland to France. I don’t remember much about Manx history though, so I’ll refrain from commenting on them specifically.
But since you put out an AMA: how’s life in Bermuda? Would you recommend it?
The weather is delightful, the taxes acceptable, the digital infrastructure ok. It can be an expensive place to live but a single person with no dependants could live here on $4k a month. The path to permanent residence is difficult but manageable for those who bring real value to the place (think jobs or significant capital). The people are generally friendly (though as with anywhere there are exceptions) and the Premier has at least some Software experience.
It is a very interesting question, in my humble opinion, As to Bermuda's relations with the British crown. So far as I am aware there has never been a law passed by the British parliament and enforced through the privy council which was not passed by the Bermuda Parliament before commencement. Importantly (and uniquely for the OTs). Bermuda was established prior to the Act of Union and so has a relationship with the "crown of England" rather than the "crown of Great Britain" having been settled in 1612.