Earlier quoted context omitted.
> significant load Please define significant load.
Sometimes it's not about load, but speed of innovation. A huge complex monolithic codebase might not have a lot of load, but it can still limit a team's ability to experiment with new features due to big ball of mud. Decomposing areas into service might enable faster innovation better than refactoring the whole monolith.
(Note: I'm not saying microservices are bad – I just think that the process which lead to that ball of mud will unfold similarly with a different methodology)