These small bicycles have one major disadvantage: The wheels are too small to provide much of a gyroscopic effect while riding, so they are far less stable than a traditional bicycle.
https://www.exploratorium.edu/snacks/bicycle-wheel-gyro
Smaller bikes may feel less stable, however I suspect this is simply because smaller wheels will be affected by smaller road imperfections that a larger wheel would simply roll over.
[1] https://theconversation.com/how-does-a-bike-stay-upright-sur...
It may be that those trying to discredit the benefit of gyroscopic stability are looking at the first order effect of the gyro/wheels on keeping the bike upright, when in fact it is the force from the front wheel on the handlebars/steering, and the man-in-the-loop.
https://ezramagazine.cornell.edu/summer11/researchspotlight....
https://www.kwigglebike.com/en_US/faltrad-vs-rennrad-am-berg
This ride felt absolutey safe.