Um - I think you are totally missing the point - Apple is doing probably the only fully encrypted system - vs tile and friends where everything lives in a database. This is not compromising billions of iOS devices, which frankly remain FAR FAR more secure than 80% of the competitor handsets which in many cases seem to ship with backdoor built in by their mfgs.
I've gathered there's a beep if this is going on for 3 days, but...still not comfy with this. And this isn't a particularly fringe opinion, plenty of comments on the article wondering how to opt out:
"Beep as anti-stalking measure" is somewhere between marketing spin and gaslighting. A lost AirTag chirps to serve its primary function of being recovered.
The timer is 3 days[1], which observers (Forbes, WaPo) agree is surprisingly unreasonable for this use case. We can infer it was never a serious design consideration.
On Android, decent Bluetooth is a gamble, but scanning will theoretically find one[2].