Having just changed computers, I am thinking again about what lock options are best for me. Thinking aloud (or silent but posting) helps, as would others' experiences.
I live alone and am not worried about others seeing my passwords normally. But I am concerned about a thief being able to see my unlocked passwords. I did have a couple of Macs stolen some years ago.
My main Mac used to be an iMac. Here I kept everything unlocked, as if it was stolen it would be off, and a thief would need to get past both my login password and my 1PW master password.
But I have now changed to a newer MacBook Pro with an external display. If this were stolen, it would still be running on battery, so it's not safe to have all the lock options off. But with a fair number of them on, I need to enter the password more often than I find convenient. Maybe it is just a matter of getting used to a new practice.
It did make me wonder about the possibility of having different locations with different settings would be useful. That way one could have one lot of lock settings when on mains power and different ones when on battery (or on mains outside the home).
I'm also wondering about changing my master password. Again the muscle memory i have reached with the current password is useful, and it does not take huge amounts of typing if I have to type it often. But it is only nineteen characters. I have just switched to Diceware for Dropbox and AppleID.