raccoondad looked at the video, its two images layered on each other. No transformations on the images are made but a simple movement in space on the top layer...this is terrible entropy, there is no way to have key divereration from this...
Your pin code is the method used for the security chip to release your phones encryption key, if I'm not mistaken, the password is hashed and applied onto the released key to make the 'true' key that's used (I may be wrong on this, but I'm fairly sure a transformation is done onto the released token from the Titan M chip based on your password/pin)
Regardless, the method you are showing has little entropy, no key divervation method, and is fundamentally not secure or protect from your threat model.
I assure you GOS understands how it works, its not a secure or standardized method of authentication. This is why pattern unlock was also removed.