Update:

I attached to tag to my cat last night - it's a moto tag 2 with uwb.

Once he left my home, he was off the radar for half hour until find hub located it in the backyard of nearby houses, so that answered my question. The location updates were very infrequent, like every 10m. I was expecting better accuracy and frequency given how many houses surround those backyards.

I went looking for him, and i could connect to the tag, but the cat found me before i could figure out his location using UWB.