Almost agree 100%, but why would you encrypt the whole disk? There is no need for that. It's 100% free software availabe for anyone. Encrypt your home directory. And this has Ubuntu figured out quite nicely IMHO.
What am I missing here?
If you are just concerned with identity thieves and basic asset protection then as long as that stuff is encrypted you are fine, whether that is whole system, home directory, ~/Private directory, or just those specific files.
There's no way to prevent anyone from tampering with your system, or even to make any tampering evident. The best you can do is a cost-benefit analysis and risk analysis of the different options.