I carry a bloody big one, it goes through my back wheel and ties up around my pannier racks if there's nothing else to anchor it to. I tend to use street lights trees etc but it’s only for show as it’s just to stop the opportunist thieves, the real ones will take your bike if they want it or not.
With a can of computer screen cleaner, and a hammer I can have pretty much have any padlock off your bike in about a minute, I don’t care what padlocks on there be it a £5 one or an £80 quid one. And chains can be cut with bolt cutters just as quickly how do you think the AA deals with lost padlock keys?
A packsafe is great for stuff that’s on the back of your bike, but only again as a deterrent to the opportunists.
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