Touch ID also works better with payment situation where you need to authenticate after you touched the NFC. So you dont need to bring it up to your Face again, with Touch ID you are moving your fingers only.
Most if not all of these aren't US problems. That is why Apple doesn't really cares about it. And hence it is unlikely to come back. We would have had supply chain leaks if power button Touch ID is heading to iPhone 14 given the volume required.
The other thing I really like about Touch ID, when I move my finger on top, it is a single action / signal to my brain to say I am authenticating something. And not having to push the power button twice for FaceID in certain situation is also a plus. Unlocking a phone on the table without having to pick it up in front of my face, especially during meetings.
May be a wearable like Apple Watch is the solution to all of these. But I dislike Apple watch. Digital Crown should be in the middle, and I still prefer my watch in circle. And I just dont like charging my watch every other day.