Even if one service needs to be developed separately, it can still live in the monolith. For dev, it's easier to test. For production, deploy the same monolith but have it only handle a single service, depending on how it's deployed. You get all the benefits of a monolith while a little benefit of separate services.
Microservices are okay, but "kick up" a lot of issues that can be slow/awkward to solve. Testing being the big one. If the business decides it's worth the exponential complexity then that's fine.