100%

And in many places it would be worse. Wiping the phone won't save you. Might save others or things on the phone from being exposed but the act of wiping or even having something like GrapheneOS installed will be used against you if the thugs want to use it.

Even with those considerations I still use it. I think many privacy hobbiest haven't thought this far ahead. IMO use a long passcode and shutdown your phone. This requires the code to decrypt the device and should give you protection and looks less suspicious to a judge.