I don't think that would be specific enough for certain services. I.e. with that type of Flow you couldn't tell the difference between a UPS failure or Server memory issue.
Currently I have been using IT Automation via Site24x7 to run a HTTP POST.
Each type of HTTP request has it's own Flow to give a customised email. For example, in the below Flow, If a Power-Outage occurs during Monday to Friday, it will send an email to all staff telling them what action to take.
I think it would be easier if there was a Site24x7 integration to simply select a specified Server, or group of services in the event of a Critical or Warning status to do a custom Flow.
HTTP POST is the workaround I am currently using. However for new users it may be easier with a tighter integration - and of course opens the door to new functions.