The installation of monorepo-managed dependencies directly from the monorepo is best for CI testing and making sure that all monorepo apps and dependencies are always using (and working with) the latest version of monorepo-maintained dependencies.
However, a typical user installing a monorepo-managed dependency from npm will not get these relative installs and will need to install them manually as peer dependencies. This is not documented and we have at least one report of it not working anyway.