Would that work on a keyed lock? Probably not, right??
When we built our garden shed in NY, as soon as we were done we put one of those locks on it and left for dinner. When we came back, someone had simply unscrewed all the hinges on the doors. They took everything inside the shed, which (fortunately) only consisted of the tools we used to build it.
So now we use a keyed Shurgard lock... yet all the hardware on the hinges is exposed.