Yes, it will be evident that the commits appeared in the git history, but not necessarily how they got there. If the git repo on disk suddenly has that commit, and no other usual indicators of compromise, that doesn't really give you anywhere to start looking for, what we agree is, the interesting vulnerability. All you have is "we know this box/service was definitely rooted, so look at all our infrastructure end-to-end".
They care about the exploit enough to move - of course. But do they care enough to investigate and find the actual exploit? Or hand over the server image to someone who does? Unless they've wrapped it in some PHP, it's probably not their core competency. I don't follow the PHP project, so I don't know the answer to that.