I think the main reason for people to avoid hardware wallets are the physical attacks.
In this case, using HW wallet or not doesn't matter because the thief already know you own cryptocurrency or someone saw HW wallet among your possession because you don't hide it properly.
However those attacks can't be mitigated by an airgapped computer, unless you format it after creating the paper wallet.
But you could also do it in a ledger, just reset it always after use. (Pretty annoying and I don't think that's useful)
Encryption with strong password to your storage drive and bitcoin wallet could help, unless you specifically meant $5 wrench attack rather than physically steal HW wallet, recovery sheet or your computer.