Elastic APM is better than New Relic in how it traces node and it is completely free and open source (you can use a cloud product).
Disclosure and bias: I work on Node core and always hear ranting about incorrect usage in async_hooks in anyone but Elastic APM in core meetings. I used both products and have no affiliation to other companies.
Interesting! I've had too many bad experiences over the years with Elasticsearch and ELK stack so I usually avoid Elasticsearch based products like the plague. Maybe if someone else runs it for me though...
Do you know what they are doing differently with async_hooks in Elastic APM?