Technically, no, because information like facial and fingerprint recognition doesn’t change. You can change your device unlock method without impacting your passkeys. Instead, you can disable passkeys if you no longer wish to use them.
Yes, you can manage your passkeys as needed. Start by logging in to your account; nigate to “My profile,” then “Manage two-factor authentication preferences.” There, you can remove an old passkey and add a new one for a different device. In addition, if you update your device’s unlock method—such as switching from a fingerprint to facial recognition—your Principal account passkey will continue to work. You’ll just use the new unlock method to access it.