There’s definitely an argument that having both world be ideal but Apple being Apple that would push the pricing higher. Personally I enjoy FaceID. Touch ID is convenient in bed when reaching over to look at something on phone on bedside table without having to properly pick it up as with Face ID you need to be looking straight(ish) at the screen and have attention. Also I’m using my Quest 3 with pass through and can use phone well like that but obvs FaceID won’t work so I’m back to code entry there.
It’s less customisable but your 10yr old cousin and 78yr old grandmother find it easy to use. It’s a silent switch. Turn it to silent and your phone cannot make a sound without an interaction by you. Very simple and easy to understand. If you want more granular control of this in iOS you’ll have to use a combination of Focus modes and Shortcuts. Personally I think of be pretty easy for Apple to retain the simplistic silent mode AND add setting level granular control too.