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Information on what the Automatic Cache Management feature of the plugin does is now documented on the Cloudflare Knowledgebase here: What does Automatic Cache Management in the Cloudflare Plugin do?
A previous version of the plugin would hide the admin bar when this feature was enabled. Note that when this feature is enabled, the admin bar will no longer be hidden and the site will behave as before.
Users who want to cache HTML whilst using this plugin can refer to this article: Caching Static HTML with WordPress/WooCommerce