Anyone think this is a bad idea? What if your phone becomes comprised or stolen? Then they have access to your house? Its easier to forge a bunch of bits than a key.
Not really.. Lock picking, particularly home-locks, isn't very hard at all.
Many people attend Lock Picking competitions, and it is a somewhat popular geek-sport.
I'd much have a 4096-bit public key, than a flimsy piece of metal.