The problem with low entropy security measures arises due to the fact that this low entropy is used to instruct the secure enclave (TEE) to release/use the actual high entropy key. So the key must be stored physically (eg. as voltage levels) somewhere in the device.
It's a similar story when the device is locked, on most computers the RAM isn't even encrypted so a locked computer is no major obstacle to an adversary. On devices where RAM is encrypted the encryption key is also stored somewhere - if only while the device is powered on.