I don't hold it against it, but so as to generate confusion, the decryption step should be included in the process. I don't want someone unfamiliar with the process to unhappy with HB, when they slap their encrypted disc into a drive and get error messages.Yes I do. But I consider those to be two separate steps. There are lots of rippers that can't natively access the disc (DVD or Bluray), but work perfectly well once the encryption is broken.
But Handbrake can rip from Blurays, provided it has access to it. I wouldn't hold it against it.
Also, from the OP's signature, it appeared that they operate in the Mac environment which unfortunately is not supported by AnyDVD, an application I consider to be one of the best around. MakeMKV is about as close as you can get on the Mac side of the world to deal with reliable decryption of both dvd's and BR's.