It is 100% not monochromatic and that makes
all the difference.
Here's one model I'm fairly familar with, having evaluated it for design-in to a product a few years back: https://www.lightstec.com/wp-content/uploads/2018/10/Philips... (apologies for the non-authoritative link, their entire datasheet server appears to be down....)
Take a look at page 8 (PDF page 9), Figure 4, "Relative Spectral Distribution vs. Wavelength". Look at those spectral curves and what that phosphor really does. See that nice broad peak, that's pretty insensitive to the exact details? A little shift in the peak doesn't change the output much. And yet, they still bin white LEDs intensively!
These things just do not work with monochromatic emission in the orange. And the phosphor isn't even that good at low color temperatures (CCTs). Below about 2000K-2400K (ish), this approach doesn't work: the resulting LED looks like yellow trash, not like you'd expect (it should look something like a candle flame). So even phosphors can't get you down all that far in CCT. (There are probably expensive phosphors that can do it... but none were in mass production five or six years ago when I did a deep search.)