Instead I would move up a level and start with a SLO for the various "business level" metrics you might care about. Things like "request latency", "successful requests", etc.
Then use the longer lookahead "error budget" burndowns to see where your error budget is being spent, and from there decide 1.) if the SLO needs adjusting, and/or 2.) if an alert is appropriate.
To cleanly answer those questions and iterate you'll need metrics, dashboards, traces, and logs. So then you're not just making dashboards because "its best practice", you're creating them to specifically help you measure if you're meeting your stated service objectives.