Those passkeys are asymmetric cryptographic keypairs where the private key is securely stored on a device, unlockable (for use, not reading) only by convincing your devices security processor to do so by pin/fingerprint/pattern. Which in itself can be secure, given you do trust that magic security processor (which you shouldn't, see yesterday's news for example). However, if that key cannot be read, you cannot make a backup of it, so it will be unrealiable and easy to loose. The recovery process will either be insecure and prone to social engineering, or unreliable because proving your identity will be nigh impossible without that passkey. Now one could allow backups of a passkey, but then that passkey would be as insecure as a password. One could allow multiple instances of authorized passkeys, but those would be even more insecure than passwords, because malicious software on your device could create evil new key instances.
In all a bad and dangerous idea.