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Yeah the hexlox stuff is expensive. As a bit of extra security for all the components on your bike though I quite like it... On my nicer bikes I use it to secure the seatpost saddle and cockpit as well as the wheels.
I also try and only buy stuff once a year during their black friday sales so it doesn't sting quite as much.
Could you use one of their non magnetic adapters in your existing through axle or is it not compatible?
Just realised its pinhead not pitlock: https://www.sjscycles.co.uk/hub-spares/pinhead-thru-axle-lock-m15-x-124-mm/
Anyone on here used them?
But still much cheaper than hexlox which is 50+ for the compatible axle and then 20ish for bolt and key