Out of curiosity: Will Activation Lock still work after an iPhone auto-erases on the 10th failed passcode attempt?

Believe me, I'm no chicken when it comes to security. Using a combination of a strong alphanumeric passcode laced with non-Latin homoglyphs, Activation Lock (which Find My iPhone automatically enables), a disabled Siri when the phone is locked, a disabled Control Center when the phone is locked (both of those are security risks due to Airplane Mode), and Data Protection (erase phone after 10 failed passcode attempts), there's no doubt someone other than me is going to have a real hard time trying to use my device...

... Or so it seems. I've been digging through the Apple support articles to find out what exactly Activation Lock does, and I noticed that if someone goes into Settings -> General -> Reset -> Erase All Content and Settings and erases the device in a seemingly authorized manner, Activation Lock gets disabled with it. However, if someone else tries to erase it, or if it's erased remotely, then it will still display the Activation Lock message and require login with the username and passcode used to log in initially. Here's the real issue, though: Not one of those articles mentions what happens when you have Data Protection enabled and Data Protection happens to get set off by a thief attempting to brute force one's passcode, and how nicely Activation Lock plays with it. Does anyone else have that information, just in case?