Some smart locks are vulnerable to being manipulated with a magnet, if they're poorly designed, since someone can just manipulate the motor from outside.
I've seen it for keypads that have to send a signal to an actuator located elsewhere, but I think the typical in-door deadbolt (where the keypad is mere millimeters from the motor itself) wouldn't have the form factor leaving the connection as exposed to a magnet inducing a current that would actually actuate the motor.
Most of LPL's videos on smart locks just defeat the mechanical backup cylinder, anyway. I'd love to see him take on the specific Yale x Nest model I have, though.
But since smart locks generally also have a traditional mechanical mechanism for backup, aren't they inherently always less secure than a traditional lock since you can find the weakest link in either of the two mechanisms?
Yup. The backup for battery failure on this model is that the bottom of the plate can accept power from the pins of a 9V battery, held there just long enough to punch in the code.