Watch the personal device exception. If a phishing site proxies a sign-in from a device that falls under the less restrictive policy, a password and ordinary MFA challenge may still let an attacker capture a session. Requiring Windows Hello for Business only on company devices doesn't close that path.
Map out which users and resources can use the weaker policy, and decide where that access is actually needed. Device compliance requirements can narrow access, but test the phone, personal device and guest scenarios before enforcing them broadly. Phishing-resistant authentication reduces phishing risk, but don't assume it eliminates every form of token theft.
_slow__but_curious:
That's the gap I was worried about. A personal device exception could give an attacker a route around the stronger requirement.