Pins vs passwords are not something I have seen much discussion on in the software security space. The only general criticism I have heard of pins is that people tend to pick dates when asked to use a random 4-6 digit sequence, which makes them often trivial to guess. Personally I have always leaned towards the now classic xkcd method of combining 3 random words, which can often lead towards funny and memorable passwords with great length. The only major drawback is that they take long time to type, is a pain with touch keyboards, and are prone to miss clicks in low light conditions.