Hi @CJ_Leaird and welcome in the MongoDB Community 
!
Everything that you said is correct here.
Yes the Change Stream are implemented on top of the local.oplog.rs collection which is the special system/internal collection that MongoDB uses to replicate write operations from one node to another.
There is no other way to create the oplog entries. Using a single node Replica Set (RS) is the right way to work locally with MongoDB when you need to use features that are only available in RS like Change Streams and multi-doc ACID transactions for examples.
Before Change Stream where developed, people where monitoring directly the oplog entries but this is painful for multiple reasons and actually requires a LARGE amount of code to be done correctly… To begin with, some operations in the oplog might be rollbacked later on if the node goes down shortly after a write operation and couldn’t replicate it before another nodes takes over as Primary. (=write operation with writeConcern w=1). Such operation would show up in your “oplog tailing” but not in the Change Stream as this operation hasn’t been acknowledged by a majority of the nodes.
Also, Change Stream have an API to restart the Change Stream where you stopped. Pretty convenient when you want to stop your app for a minute and then catch up from your last processed entry when you restart.
Change Stream also support filtering based on operation types (insert, update, replace, delete) and based on the fields (“name” field updated in collection mydb.mycoll?)
Here are the Change Stream main characteristics:
- Resumable
- Targeted Changes (filters)
- Total ordering (based on the order of the items in the oplog so always in the real order)
- Durability (only get write operations that have been saved to a majority of the nodes - can’t read something that might be rollbacked later)
- Security (if your user can read the collection, they can watch() it - tailing the oplog need admin access to system collections).
- Ease of use (awesome API
!) - Idempotence (because everything in the oplog is so everything in a Change Stream also is).
I hope this helps!
Cheers,
Maxime.
PS: I hope I convinced you that tailing the oplog was already a bad idea in the past and still is 
! Especially now that there is an actual well implemented solution.
Bonus: When I work locally, I only use MongoDB in an ephemeral Docker container like this - and of course also set up as a single node RS so I can use all the cool features:
alias mdb='docker run --rm -d -p 27017:27017 -h $(hostname) --name mongo mongo:5.0.3 --replSet=test && sleep 4 && docker exec mongo mongo --eval "rs.initiate();"'
alias msh='docker exec -it mongo mongosh --quiet'
If you PC is a bit slow, add a few seconds in the sleep :-).