A relevant note from the interview is official confirmation that the 5-presses-of-sleep/wake-disables-Touch-ID is intended as a privacy move. (and adds new info that the iPhone 8 has an easier squeeze-only trigger for this feature.)
Can law enforcement just hold the phone up to your face and unlock it? We all know Touch ID is not protected under the 5th Amendment so I am going to assume Face ID is not either.
EDIT: Apparently both Touch ID and Face ID disable after 5 failures — https://developer.apple.com/documentation/localauthenticatio...