I may have gotten my subtraction wrong @residualimages 
We do have two different types of devices internally: “legacy devices” and “cloud devices”. The “cloud devices” are currently only stored in the cloud and do not actually have any record on the BOND’s database, so, sadly they are not available via the Local API. — They will be available via the Cloud API when that is released.
We do plan to migrate the current “cloud devices” offline, at least for newly-recorded devices, once support for these more sophisticated protocols is there in the firmware.
So, for the time-being, you may see what @danmandle is seeing, and have missing devices on the Local API.