Your data is valuable to you, but unless you happen to be Hunter Biden it's probably valueless to anyone else. On the other hand, your hardware is valuable to a

Your data is valuable to you, but unless you happen to be Hunter Biden it's probably valueless to anyone else. On the other hand, your hardware is valuable to a thief who can resell it. Full-disk encryption protects your data. Activation locking dissuades theft. Personally, I want both.