Comment by luckylion
Not that I've seen it.
If you enable Cloudflare Captcha, you'll see basically no more bots, only the most persistent remain (that have an active interest in you/your content and aren't just drive-by-hits).
It's just that having the brief interception hurts your conversion rate. Might depend on industry, but we saw 20-30% drops in page views and conversions which just makes it a nuclear option when you're under attack, but not something to use just to block annoyances.
we saw 20-30% drops in page views and conversions
Why do you attribute this to only the "brief interception"? Shouldn't the logical conclusion be that Cloudflare may block 20-30% of regular traffic?