Imagine a tooling team on a different continent that makes some changes this afternoon. Like you said, their intent is just to add a new option, and it ought to have no extensional changes in behavior, but it still ends up behaving subtly different. The next morning, all your services end up broken as a result.
In a versioned world, you can still freeze your dependency at 1.324.5234, and migrate only when you want to, and when you're feeling confident about it.
In a monorepo world, you don't have a choice. You've been forcefully migrated as soon as the tooling team decides to make the change on their end. They had the best of intentions, but that doesn't always translate to a good outcome.
FWIW, I'm currently working at a large famous company that uses a monorepo. Color me not-impressed. I do think that having a single repository for an entire team/project is a good idea. Hundreds of different projects and teams who've never seen one another? Not so much.