Earlier quoted context omitted.
Autocomplete has one huge, glaring disadvantage: the passwords are stored on your computer, in reversible form.
Yes, but let's be fair, it's a galaxy better than writing it on a post-it or password booklet, and still way better than using a memorable passphrase which will get reused and then leaked. Besides, you can encrypt the local storage with a master password (and if you accept online as a requirement, you could even add 2FA to that).
Not only that, I would argue that a physical booklet is not only more secure but also safer. Nothing short of a house fire will destroy the booklet, and however much I like to rave about old-school ThinkPad durability, I don't think my locally stored encrypted database would survive that either.