This doesn't sound great unless there's a physical backup of that key.
Discussion
Its multisig, you can lose 2 out of 5 keys.
Yes I understand that but having keys ONLY on a hardware device is never really a great idea in my opinion, unless I suppose if you're doing regular checks of all of your devices which in itself increases risk of leakage.
Like okay sure if you're spending often, maybe this is a good convenient way to do it. But not for what's intended to be long term savings imo.
If that's your actual setup. Most plebs are probably using 2/3 setups. It would be nice to see 3/5 become more affordable.