Curt, CF's servers will not cache everything on your site, but only images, office/pdf files and few others (you can find list of files on CF's website), if it is showing 10% fewer servers needed, means the content that can be cached is not much, but it again depends on how many hits you are getting per day.
Have you tried checking the HTML/CSS & JS options in "Speed" section? if you still havent as these come unchecked by default, then turn them on one by one and see the difference it makes by doing webpage speed tests (giving 5 min interval in between), also in same section you'll find "Rocket Loader", which though does not cache anything, but will load javascript with a slight delay, turning that on and doing webpage speed tests nearly reaches 100% performance and reducing page load times significantly, in reality you may feel that your page render is slow.
also, depending upon what package you are on, you'll find the option of railgun, if you have added your moodle independently then I think it comes with Business package, else if you are hosted on partner then just $20 a month investment will give you Business package and you will be able to make use of railgun, I personally haven't tested rail gun myself, but have heard that it really boosts performance.
If you want to, you can as well give a try to a competitor website (Incapsula), they have a free package as well, those who tested both in comparison says if you are after security, then Incapsula, but if you are after performance and speed then CF.