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I voted "Terrible idea".
My personal point of view is to use multisig with different vendors.
Though realistically since others I know don't share my views I have suggested singlesig with a hardware wallet which has a budget for security and certifications.

Although certifications can lead to skewed results, at least it shows work has been done to improve security.
Additionally I don't know reports of stolen funds with wallets generated with bitcoin-cli (besides I guess those kept as hot wallets, but I don't know what Luke Dashjr used)