Unfortunately, if you want/need to fix the password-reveal problem, it will take a lot longer than 15 minutes. You have to backup your drive, reformat, and restore the drive.
I'd chosen not to encrypt. I use a Mac Mini in my home, and use it for software development, and can use all the performance I can get out of it. In my workflow, there is a lot of copying of files which are then not changed, and so COW is a huge improvement! Installation of a new 1GB flash drive (OCZ Vector 180 that I'd purchased a year ago and had never installed) and use of APFS has significantly improved my build times. Still, at about 500mbyte/sec (about the limit of the SATA3 interface on the Mac Mini...) I am envious of the newer Macbooks that are getting up to 2000mbyte/sec!
FWIW, I replaced the original 128G flash drive portion of the original fusion drive, leaving the original hard drive. I don't use the hard drive, but did leave it connected. It was more convenient to leave it installed, as it would have required more of a tear-down to remove it. I might use it to store unimportant files. I don't have much trust in a 5 year old hard drive!
I will pass on this update and await something more substantial. I am experiencing no problems with High Sierra.
I could be wrong, but it sounds like this bug only impacts newly created (via Disk Utility) encrypted APFS volumes. I don't think your OS System volume (if encrypted by Filevault2) is impacted...