Let's explore what's going on behind the scenes.
When you authorize a site to create an account using your Google profile, all of Google's usual login protocols are still active.
If you have multi-factor authentication enabled on your account, and you should, you'll still have the security benefits that it provides.
API tokens minimize risks in a major way.
These API tokens serve as an additional layer of encryption that helps to keep your Google password safe in the event of a breach on another platform.