I have a category of files that I never want others to see (for example financial information). I have others I am willing to let immediate family members see but not other family members who use my computer. However I keep track of the passwords (password manager, paper, memory, etc.) that is my choice, it is under my control. If I choose a less secure method that is my choice. If I choose a more secure method that is my choice. V2 makes me rely on someone else which in my mind makes it less secure (yes I can choose a poor security method to keep track of passwords but that was my decision and not dictated to me by a system I do not know how much I should trust (I am not saying Axcrypt folks are not trustworthy–but I do not know them, do not know their security practices, etc.. )
I like to be the one who makes the trade-off between security and convenience.
It is only a ” behavioral security risk” if I choose to make it so.
Having multiple passwords is only less secure if I choose to make it that way.