We're definitely open to changing the speed test. It's being actively worked on. Issues through GitHub probably the best way to engage, but I'm happy to get direct email also.

On Thu, 4 Jun 2020 at 10:51, Toke Høiland-Jørgensen <toke@toke.dk> wrote:
Jonathan Morton <chromatix99@gmail.com> writes:

>> On 3 Jun, 2020, at 7:48 pm, Dave Taht <dave.taht@gmail.com> wrote:
>>
>> I am of course, always interested in how they are measuring latency, and where.
>
> They don't seem to be adding more latency measurements once the
> download tests begin.  So in effect they are only measuring idle
> latency.

Yup, but they do seem to be amenable to fixing that:
https://github.com/cloudflare/worker-speedtest-template/issues/13

As for where the latency is measured to, it seems to be HTTP 'pings' to
the nearest Cloudflare CDN endpoint.

-Toke