Update: on Windows server 2022, all works: it crashes as expected and tasks triggered by missed events work after the service is restarted.
The security option "crash on audit fail" has no effect

Dear MS security team,
setting the GPO "Audit: Shut down system immediately if unable to log security audits"
does not have the desired effect on server 2019 (Version 10.0.17763.3770).
To test whether it works or not, I setup the security event log not to overwrite old events when it becomes full and then I waited until it became full. The eventlog then states that it's full, but no shutdown occurs.
I would also like to share the observation, that when you taskkill the eventlog service process and it restarts after a minute, it will populate the log with everything that happened in between the taskkill and the restart (which is fine!), but it will NOT trigger any event-triggered tasks that might be attached to the events it just wrote to the log. Is this expected behavior?