Personally, I don't see anything wrong with keychain carry for the Raw. But, of course, its all a matter of preference and also depends on how much you value the finish of your light (polishing isn't too much effort for most).
Once the trits are completely encased in Norland 61, they definitely have some protection from keys, rocks, asphalt, etc (believe me, I've tested that!). I'm not saying that it would be impossible to break one, but even if one did break, it remains in the adhesive and removing it is very simple (throw the battery tube into an oven at 120°C/250°F, the Norland 61 will soften and can then be removed with a pin). The broken vial remains encased for easy disposal (unsure of proper disposal requirements).
I should also add that, despite the fact that 2 of my locators were protruding a bit from the groove (i.e., not recessed) as-received, once the locators were removed, I was able to scrape the groove out in 30 seconds with a jewelers screwdriver and they slid back in fully recessed - didn't even notice any metal being removed.