Uh, no I didn't ;)
Look, the thing is, if you're worried about a casual thief, they probably don't care about your data anyway, they're going to wipe the device clean and resell it. If it is someone that actually stole the device to get the data, then I would expect your '1%' (plucked out of the air, or is there a reference for this kind of statistic - honest question, I'm not snarking) is actually going to be a much higher number, in which case the encryption isn't going to save you. It's pretty much game over once the attacker has their hands on the physical device, afterwards it's just a question of time.
Most theft is going to be opportunist. For most thefts my data is going to be protected by the encryption. So in most cases, I don't have anything bigger to worry about.
> The attacker has physical access to your device ... you have bigger problems to worry about.
I don't have bigger problems to worry about (or maybe I do - what are they?)
Perhaps 1% of thieves can get at my encrypted data, but probably all of them will be able to perform the few steps necessary to bypass the lock screen.