Obviously you need a mixture of high recall and low false positive rate. If 7/8 flagged items are fine its much more likely people will ignore the warnings, much like they would any security tool with a 90% false positive rate. That is not optimized for the customer.
Presenting it as either a system that misses real problems or a system that has a huge number of false positives is a false dilemma. You can have a system that's designed to find all the problems and then optimize it to reduce the false positives. If you can't reduce the number then you optimize to identify false positives as fast as possible. Just ignoring the identified problems on the assumption that they're false is giant red flag and a signal that the org has a very a broken engineering culture (but, as you say, that's quite common.)
No. A code review isn't about "flagging a line of code", it's about identifying an issue or a risk. If a 10-line PR has one issue and you leave a comment on every single character, if you still miss the issue you have 0% recall.