We just made all the microservices into one big monorepo and we deploy all at the same time. To be honest we tried to avoid the monorepo but it was hellish. Maybe if each microservices was larger and our team was larger but then are they microservices any more?
The biggest difficulty I've experienced is "librification", where some common code ends up in a little library, and soon that library is not so little any more, and not long after starts to look like half of every service. I can maintain discipline when working on small systems alone, but on a team there will always be one lazy person or urgent need which means eventually some shared component gains enough gravity to…
Same with our consistent logging system.
Libraries are better than unique code everywhere for the same task - allows you to fix a bug once and to do consistency checking.