If there’s indeed a 5 min lag in monitoring dashboard in Cloudflare, I honestly think that's a pretty big concern.
For example, a simple curl script on your top 100 customers' homepage that runs every 30 seconds would have given the warning and notifications within a minute. If you stagger deployments at 5 minute intervals, you could have identified the issue and initiated the rollback within 2 minutes and completed it within 3 minutes.