It's not the only free DNS service.
It's only a good registrar if you don't care about privacy and you're ok with their selection of TLDs (selected only from registries without privacy).
The free accounts do not benefit from DDoS protection. Re-read their terms of service, they're vague on purpose. If you were ever DDoS'ed (I don't know who would bother btw but that's another discussion) they'd just drop you.
You can establish the tunneling thing on your own with any VPS.
The problem with cloudflare is that we’re missing three other cloudflares to move to if they decide to pull evil shit.
You can and should diversify your services and spread them to different providers that are easy to switch. I've been with "all in one" providers before, they inevitably end up leveraging their convenience into all sorts of crap. But until you get burned a couple of times they look really good.