Against thieves with the castle tool helps of course not - but if someone comes just so spontaneously to the idea of the beautiful board he could take it, then he is prevented.
It is also usually that at ski lodges are often hundreds of boards and skis with no lock - why should then make the effort to crack locks a thief. Even if it is relatively easy to crack.
It would certainly help the insurance in case of theft over if something was assured. Whether highly secured, or not - but it was backed up.