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The saddle bags are pretty easy to remove even if locked. But I have never had any problems.
You can fix your saddle bag problem really cheap. Go to ACE hardware and ask for 5/16 U-nuts and 5/16 stainless round head allen bolts 1 1/4 inch long. use your fender washer off your twist lok oem bolt and bolt them on. Mine uses the same 3/16 allen wrench I carry for my Rider backrest. I feel a lot better with this setup. I had one of my twist lok pins spread on me trying lok it. I went to the Dealer and they wanted 9.00 for a replacement. That's when I said no way and went with this setup.
No problem with the in-dash electronics. I bought a Zumo GPS and have it mounted to the panel. I do take that off everytime and lock it in the trunk. It comes off with a quick flip of the latch. The Ultra comes with a security system so I would expect it to go off should someone try to crack open the fairing to take the rest of the electronics.
Well, that's good if you happen to be there while they are messing with it. Besides, my gun for concealment is a Sig-Saur 45 ACP and my wife's is a Kahr 9MM