It's right there in the open. Install windows and you'll see it. There is personalised ads in the start menu and the os is uploading your private files to the cloud automatically, taking screenshots and uploading them, etc. It's not hidden whatsoever.
Intrinsically/semantically no but the expectation is that the texts are encrypted at rest and the keys are password and/or tpm+biometric protected. That's just how this works at this point. Also that's the government standard for literally everything from handheld devices to satellites (yes, actually).
At this point one of the most likely threat vectors is someone just taking your shit. Things like border crossings, rubber stamped search warrants, cops raid your house because your roommate pissed them off, protests, needing to go home from work near a protest, on and on.
If the hardware signatures don't match, it wont boot without giving a warning. If the TPM/Secure Enclave is replaced/removed/modified, it will not boot without giving a warning.
TPM isn't all that reliable. You will have people upgrading their pc, or windows update updating their bios, or any number of other reasons reset their tpm keys, and currently nothing will happen. In effect people would see Signal completely break and loose all their data, often seemingly for no reason.
Talking to windows or through it to the TPM also seems sketchy.
In the current state of Windows, the sensible choice is to leave hardware-based encryption to the OS in the form of disk encryption, unfortunate as it is. The great number of people who loose data or have to recover their backup disk encryption key from their Microsoft account tells how easily that system is disturbed (And that Microsoft has the decryption keys for your encrypted date).