Watch does sound like a good fit for kids - enough to get information, but not screen size to lurk on it all day.
Connect that phone to your phone hotspot, so you can turn on your hotspot and, if the phone connects, it's nearby plus you can use Find My to track it from there, play sound... etc.
Bonus if you have access to e.g. XFinity or whichever is the most prevalent free wifi around, so your phone can come online occasionally.
1) does not sound reliable or easy
2) fails open (if something doesn’t happen, that means something bad happened)
My main issue was remembering to charge the old phone every few days as I'm not in need of this regularly, so more of an occasional thing like to an unfamiliar place/country, or on a trip to Disney.
The deciding factor would be the responsiveness of a lookup. How quick can one locate the tag when it is out of reach of your iPhone and needs to be located through the "public network"?
> When I asked Drance about parents using AirTags to track their small children (such as during an outing at an amusement park) or pets (we know you’re up to something shady, Fluffy) she was quick to stress that the company designed the AirTag to track items, not people or pets. If parents would like to safely track their young children, she suggests an Apple Watch with Family Setup might be a better choice.
> As for strapping an AirTag to a pet, Drance says, “If people do that, they just have to make sure that their moving pet gets into range of a device in the Find My network” so its location can be tracked.
-- https://www.fastcompany.com/90628073/apple-airtag-privacy-se...