I can understand that. My thought was also more in the direction that encryption as a function in Obsidian should be available in any case. But the use of encryption can be optional and depends on the purpose of use.
Today there are very good open-source libraries for encryption. A developer does not have to understand every detail about a PGP or AES256 encryption to use it. As long as one uses best-practice there should not be that big of a problem. Is it as good, as made by an encryption expert? Probably not but at least it gives a bit more security. Like you said:
And combined with other measures, secure OS Password, HDD/SSD Encryption, … it could contribute to the overall security of one’s digital information.
By the way, passwords and encryption in itself are useless if you consider the possibility of a “wrench attack” ;-). Nevertheless, it is better to have an encryption than none at all!
I myself use a well-known note-taking app for my business information and I would like to switch fully to Obsidian. But without encryption, I will not do that and I will only use Obsidian for superficial information.