The key trade off if low-dependency, with everything up to and including alert notification delivery pushed down to the region. For alerting queries to happen there is little infrastructure Monarch depends upon to keep running beyond networking and being scheduled on the machines.

If you think about Bigtable, a key observation that the Monarch team made very early on is that, if you can support good materialized views (implemented as periodic standing queries) written back to the memtable, and the memtable can hold the whole data set needed to drive alerting, this can work even if much of Google's infrastructure is having problems. It also allows Monarch to monitor systems like Bigtable, Colossus, etc., as it doesn't use them as serving dependencies for alerting or recent dashboard data.

It's a question of optimizing for graceful degradation in the presence of failure of the infrastructure around the monitoring system. The times the system will experience its heaviest and most unpredictable load will be when everyone's trying to figure out why their service isn't working.