Lol, I work at an attack surface scanning company. Every freaking company I talk to, with very few exceptions, has at least one of these. If not a whole infrastructure. Then they cry, “how did we get ransomware?”
What is it you’re afraid cloudflare is doing? This is a company trusted by tons of corporations who have legit secrets to protect. Why would they care about intercepting your traffic? To what end?
Cyber attacks are goal-oriented and based on attack cost, basically how much effort for how much reward. Is your selfhost traffic super valuable? So valuable that someone would hack cloudflare to get it?
In reality, other than commodity malware that your security suite should easily pick up, there isn’t much threat in my opinion.
These days there are so many bots scanning that you have to be so careful.