In the thousands of pull requests I’ve merged across many companies, I have never once had a reviewer catch a major bug (a bug that is severe enough that if discovered after hours, would require an oncall engineer to push a hot fix rather than wait for the normal deployment process to fix it).
I’ve pushed a few major bugs to production, but I’ve never had a PR reviewer catch one.
I’ve had reviewers make excellent suggestions, but it’s almost never anything that really matters. Certainly not worth all the time I’ve spent on the process.
That being said, I’m certainly not against collaboration, but I think required PR reviews aren’t the way to do it.