Note that if you just have a broken phone you don't need a new SIM, you just pop it out and pop it in the new phone. So 1min for a physical SIM vs 0-3 hours to create a new eSIM profile. I know which one will be faster. :)

Yes, that was the situation for me exactly, that basically if I lose or break my phone, I obviously have other devices that can access 1Password and my email, but I'm locked out of anything that requires SMS or an authenticator app to 2FA.

Definitely made me feel that at the very least I should be getting a yubikey so that I can have authenticator codes across multiple devices.