Here's the short version:
RAIDZ1 (sort of like RAID5) only gives you 1 drive's worth of redundancy. This means if a drive goes down, while you're going through the drive replacement process you have
zero redundancy. This process involves removing the failed drive (now
zero redundancy), placing in the blank replacement drive (you're still
at zero redundancy), and then "resilvering" (the rebuild of data onto the blank replacement drive using redundant info from remaining drives). Until the resilvering is complete, you remain at
zero redundancy. With modern drive capacities and typical
MTBF, since the days of >1TB drives you're almost guaranteed to have a soft read error at some point during this resilvering process. Except now you have
zero redundancy. ZFS needs to recover from the read error but now has nothing to fall back on. So what happens? Bye bye data.
This is not hypothetical. I've seen this exact scenario happen multiple times to idiots who bought one of those 3-5 drive cheap consumer NAS appliances, ran RAID5 on them, then lost all their data.
You're going with FreeNAS because you want to protect your data. FreeNAS is all about
redundancy. Being in any condition where you have
zero redundancy is counter to the whole point. Wasting all the money and time on a solution that won't actually protect you when you need it is like buying an expensive shiny fire extinguisher that when you go to use it, fires for 0.5 seconds. A false sense of security is dangerous and is worse (and more expensive) than knowing you're not safe. Which is why RAID5/RAIDZ1 is
not recommended. You might as well have no RAID at all.
(But of course,
RAID is not a backup...)
FreeNAS is a powerful tool. It won't prevent you from doing something stupid any more than a knife will prevent you from turning it on your own eyeball. It's up to you to use it wisely. The folks here on this forum will advise you many times over not to poke your eye out with FreeNAS, but ultimately it's your data and it's on you what you do with the knife. Just know that there won't be much help or sympathy on these forums when you lose your data. I've read some pretty scathing threads.