Like prime, I'm less worried for myself than for others. I'm also less concerned about violent theft, as there's only so much I can expect from Apple. A duress/honeypot passcode would be nice, but would confuse the masses. And Apple doesn't like offering options for advanced users.
That said, just for @steven1, theft rings have surveilled victims. So I'd add to your warnings that you should turn in a circle as you enter the passcode, so they can't catch the entire thing.
It's wild to me that Apple doesn't even confirm on your connected Watch when someone within BT range tries to change your password! This could all easily be fixed, but they choose not to. So I'll use 1Password to store my passkeys and use the old method to access 1Password.
