Works for me
It is reliable and instantaneous, just like Touch ID was, so as far as I'm concerned there is no difference other than now being able to unlock it with wet fingers. Sure it is possible to fool given sufficient knowledge and effort, but there aren't any biometric systems that can't be fooled.
Passwords aren't the panacea some people seem to make them out to be either. They aren't terribly secure on phones, because they are often used in public. It is pretty easy for someone standing behind or above you to record you entering your password, or for footage to be recorded either deliberately or not by ever-pervasive CCTV cameras. Even if you are paranoid enough to always shield that from view, a FLIR camera can record a heat map on your screen from your touches.
Biometrics only need to be more difficult to fool than the difficulty of stealing someone's phone password. Maybe they aren't there yet, but there's a lot less difference in security than people make it out to be, because some are assuming passwords a lot more secure than they really are.
Using biometrics means I never have to enter my password in public, so if I disable biometrics you won't be able to unlock my phone, whereas if you were using a password the odds are nearly 100% that someone who wanted to steal your password as you were entering has done so.