I’m assuming it must be possible, if the resolution is good enough, to post process a portion of each overall frame into an undistorted 1080p (or better) view of the key view of the action, but a lot of people don’t do this (perhaps it’s much more difficult or time-consuming that I’m imagining, or perhaps many viewers enjoy the distorted 360 view more than I do).
Just my two cents, YMMV, etc.
If you just want to store a snapshot of the moment as it was captured, a regular camera that you pointed in the right direction is better.
I have an insta360 X5, it's neat and there's a lot of flexibility, but it does have downsides.
The app is also a pile of crap, it's crammed full of ads, social media junk I don't want, it's slow as molasses, and the size of the app is massive.
Good to know, and reconsider!