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I'm not very good at... explaining those especially mysterious cross-chain architectures, but recently I've been watching everyone test the network incentives and constantly guess whether the mainnet will issue tokens. I'm actually more concerned with: where exactly is my trust "crossing over" this time?
For something like IBC, this message passing, honestly, the first layer you trust is that both chains don't mess around (consensus/finality won't backtrack); the second layer is that the light client verification doesn't go wrong—otherwise, "I see that something really happened on your side" becomes an illusion; the third layer is the relayer/transmitter, in theory, it shouldn't be able to steal funds, but it can block you, make you wait, or cause you to miss out during high volatility. Bridges are even more straightforward: multi-signature/validator sets/oracles, no matter how you package the name, the core is "who can decide that this cross-chain message counts."
Anyway, my current approach is pretty simple: treat cross-chain as an additional counterparty risk, keep the amount small, and when in doubt, prefer not to cross rather than gamble on "this time definitely will be fine." Even if the points are attractive, I don't want to write my trust ledger too messily... just like that for now.