The solution to a $5 wrench attack, and other similar attacks involving physical force to you as a person is to keep a small number of coin associated with a BIP 39 seed with the passphrase/last seed word being something different than the passphrase that secures the majority of your coin. This will allow you to give something to the attacker while both preserving a portion of your coin and maintaining your safety.

To answer the OP's question, I would not over complicate my cold storage setup. I would choose a HW wallet manufacturer I am comfortable is making a product that cannot easily be compromised, keep my coin secured by that HW wallet, and use the paper card as a backup with the seed hand written on it stored in a safety deposit box.