Software-locked products are just be broken up and/or sold for parts[0] - so thieves will only be slightly less motivated. The downside is donated and estate sale M1 mainboards will be condemned to the trash heap. Less technical people are also more likely to throw the whole computer away.
0. I do this already to feed my repair addiction. I buy from my favorite charity thrift store, so the goods are not likely not stolen. A device with cracked screen can be fixed by parts from an activation-locked device.