Update:
Updated everything! Prior to updating the Schlage app I wasn't able to connect to my lock. Even after updating the app it still wasn't visible. I unplugged the batteries and then it showed up. Did the firmware update. Updated my iPad mini(hub) and everything works as did prior to the glitches. I get notifications about my lock via the home app. Which is fine and it works remotely.
I haven't tried to use my ATV3 as my hub. I kind of gave up on that and just left it to my iPad mini to be the hub as it doesn't leave the house.
I hope things stay functional and if anything things get faster/better as more updates are released via the Homekit app.
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Depends on what you want to be notified about. The lock only connects via bluetooth, so a strong/clear connection from your ATV3/4 needs to be established. Homekit/Home app notifications are usually on as a default and will push a notification on your phone/ipad about the door being unlocked/locked and by what means(thumb/app). Again, the lock doesn't use wifi, just bluetooth to connect. So your hub ATV/iPad needs to be on all the time.
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Yeah the Schlage app wasn't initially working for me. I think after unplugging the batteries on the lock re-established a firm connection to the app and I was able to do the firmware update.