The practical signal
Cloud storage can offer convenience when looking back externally, but the retention period incurs costs, access management and the amount of personal data that remains available.
A longer storage period is not automatically better; there must be a reason why images should remain available for so long.

Cloud storage can offer convenience when looking back externally, but the retention period incurs costs, access management and the amount of personal data that remains available.
Determine which events you realistically want to investigate, how much time a report or filing can take, and which local recording is already available. Record responsible management.
Choose a proportionate term and make clear which images are being stored where. Avoid a subscription for a maximum duration if the use does not have a demonstrable need.
Check in the service where images are visible, when they expire, and who has access. Review the choice when changing usage or risk.
No. It is a choice for use, support and risk.
That depends on the service; assess the consequences for costs and existing images.