Sounds like it. I think Cloudflare's edge (no pun intended) is going to be their 110+ locations to host this. As opposed to Amazon's 93 I believe? (If all cloudfront spots support lambda@edge that is) https://aws.amazon.com/cloudfront/details/
I would say at 117 edge locations vs 93 Cloudflare will have lower latency, but most notable in markets that most companies care least about. Probably of more importance is by using embedded V8 as opposed to a process-level sandbox running Node.JS, the Cloudflare service worker will have a much faster startup time in all locations. I seem to recall from tests in Lambda that we're looking at 40-50ms, which is actually substantial given how close these locations often are to the user. But the biggest edge in my books is CloudFront bandwidth is ridiculously expensive and Cloudflare doesn't charge (directly) for bandwidth. Bandwidth often being the single biggest line item in your AWS bill if you get a lot of traffic.