Not to sound ironic now, but as one of the most brilliant minds ever, Albert Einstein, once said...everything in life is relative. Following that logic, its hard to say whether all malicious IPs would be blocked.
Think of it this way...maybe what PAN or FGT or Cisco consider malicious, CP does not...or the other way around, or something in between.
If you are worried about that aspect, only other logical option is to keep adidng IPs manually into network group and then block it that way
So example like below (from mgmt cli)
mgmt_cli add host name "BAD_185.206.27.13" ip-address "185.206.27.13" --format json
mgmt_cli add host name "BAD_162.208.16.20" ip-address "162.208.16.20" --format json
mgmt_cli add host name "BAD_89.248.165.131" ip-address "89.248.165.131" --format json
mgmt_cli add host name "BAD_185.206.24.70" ip-address "185.206.24.70" --format json
mgmt_cli add host name "BAD_162.208.16.14" ip-address "162.208.16.14" --format json
mgmt_cli add host name "BAD_87.251.75.45" ip-address "87.251.75.45" --format json