In both cases ideally, you would still have a human-readable backup of your keys.

With a ColdCard you are trusting "source viewable" but not Open Source software.

With a seedsigner you are trusting open source software, and you can buy the general purpose components to create without putting your contact info on a list showing you bought Bitcoin related stuff. Better OPSEC.

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Discussion

I hear what you’re saying, and agree. I prefer open source, in principle but I can’t seem to get comfortable with having an unencrypted scannable representation of my seed phrase / secret key. I just feel like the utmost care should be taken to protect the seed phrase at all costs, and having a seed QR nearby, even if locked in a safe or carefully hidden, is a big risk - at least for me.

Perhaps the way to compensate is using seed QR as part of a multisig wallet to eliminate a single point of failure.

I think that's a great thought. Or a passphrase could do the trick.