> Warp and Warp+ will not route traffic data from your device through the Cloudflare network for certain Internet properties, such as over-the-top content provider websites, as determined by Cloudflare in its sole discretion.
https://www.cloudflare.com/application/terms
"Over-the top content provider websites" most likely include Netflix, Hulu, Prime Video, etc.
https://en.wikipedia.org/wiki/Over-the-top_media_services
If this is the case, then Warp would not be helpful for evading speed caps for video on mobile data plans.
C
Based on speed tests, it doesn't look like Warp is bypassed for video content.