In rc/alter you can copy attributes but there is no way to copy content values. You can only assign a default as a fixed value.
To provide the new column with same value as another, a load replace is required. Override the unload the source column for the new column or change the load cards.
The update Method does work only for small tables. Depending on lockmax, you may be blocked from table space lock escalation. Also you are logging every row changed so there is impact to the subsystem.
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