What about a bike theft, a jacked car or a stolen parcel though?
There is a price to having information easily available to the law enforcement. There is a price to not having this information easily available to the law enforcement too.
If you for example knew that stealing had a penalty of 100% of the item value + 10% fine, with a 100% chance of getting caught, you'd never steal anything again even though the penalty is so much smaller than what it is currently in most countries. And then if you make a dumb decision as a teenager or in a lapse of judgement, it won't ruin your life.
If you can reliably prosecute the repeat offenders you catch, and put them behind bars for a long time? You stop them from committing more crimes. The crime rate falls, and the amount of enforcement manpower you have available per crime rises. Making it easier to catch and prosecute the remaining offenders.
Most of the low level crime isn't done by "a dumb decision as a teenager or in a lapse of judgement". It's done by someone who has done it 5 times before and will do it again. Unless jailed, that is. The jail doesn't fix whatever's wrong with them, but it is hard to keep doing crimes while behind bars.
Cops, at least where I live, don't give af about any of those crimes though. Bike gets stolen? You'll be lucky if they even show up at all, let alone do anything about it, surveillance data available or not. They largely don't even get prosecuted when caught.
In my experience, the police will follow the leads if they have them. I had several bikes stolen by homeless so they hid them in some commercial property few blocks away. One bike had a tracker, which they found and disabled but they did it near where they ultimately hid the bikes. Using the last location from the tracker cops were able to find the bikes and return them. If there were cameras they might be able to also find the perps and put them to jail.
Don't ALPRs do exactly this?
A little friction in the right places is a good thing.