Some maths:
a 4 digit password has 10,000 possible combinations
a 6 digit password has 1,000,000 possible combinations
a 8 character alphanumeric (ignoring symbols and capitals for now) has:
(10+26)^8 = 2,821,109,907,456 possible combinations
a 8 character alphanumeric with capitals (no symbols):
(10+26+26)^8 = 218,340,105,584,896 possible combinations
Touch ID has a supposed 1 in 50,000 chance of opening with the wrong finger.
Face ID has a chance of 1 in 1,000,000.
source
So although 4 digit password is statistically easier to guess/break than Touch ID or Face ID, as soon as you set a 6 digit password or alphanumeric password, it stands that the phone is more secure with Face ID than it would be with Touch ID due to Face ID's higher accuracy and the passcode not being the lowest barrier to entry on the phone.
Now this is ignoring all the caveats of Face ID being unlocked by twins etc.