It is even worst. You have a single point of failure.

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Without a VPN, your ISP is a single point of failure.

Local point of failure vs a US/bigger country? Everything is a trade off

You mean a big telecom in a heavily regulated market that govs have on speed dial and where every customer is KYC'd vs a company who's entire business model hangs on its privacy reputation? 🤔

In addition, your ISP assigned IP is unique, only used by you and geolocatable. A VPN IP is shared with others allowing a better anonymity set, and don't doxx your neighborhood location.