This element is generated at the time of the activation process. Your hardwallet will never be active without the recovery elements being generated and checked. The recovery seed is a key encrypted by the recovery key and by itself is an element that has no utility. In case of theft, it is not a security risk.
The other key element for the regeneration of keys in case of loss. Like the recovery seed, it alone cannot regenerate the master seed. It is the encryption key of the master seed, as it is an OTP (one time pad) it achieves the highest level of security.
Biometric ID (advance option)
In the advanced activation option, biometric data can be used to ensure access to the recovery seed. This implies that only the user(s) who have stored their fingerprints in the onboarding process will be able to complete the recovery process.