While I agree with this distinction, I'm not entirely sure that this is wholly accurate.
The situations in which Cloudflare might have to intervene with legal content are probably pretty limited (e.g. content that would be legal, yet very controversial, or expose something about the company or something like that), but it's still possible.
As a thought experiment, consider a situation in which a person might be using a Russian CDN and would be hosting content about Ukrainian refugees (no intentions of getting political here, it's just a good example) - now I'm pretty sure that Russia might just make it illegal, but even without it being explicitly legal, a few strings could be pulled and the service to that site shut down. What about a Chinese CDN that expresses views that are different than the ruling government would approve of.
Maybe there should be an asterisk there - depending on the nature of your content, have both the services you use and the platform that you own be somewhere, where it won't cause problems.