Yes, the issue is resolved by combining these 2 AllowedIPs in one line (see the revised config file below). I should have included the full web config page in the 1st place. Really appreciate all your help. What a great community here!
[Interface]
PrivateKey =
Address = 172.16.0.2/32
Address = 2606:4700:110:889d:c1ef:27f:14c3:9932/128
DNS = 1.1.1.1, 1.0.0.1, 2606:4700:4700::1111, 2606:4700:4700::1001
MTU = 1280
[Peer]
PublicKey =
AllowedIPs = 0.0.0.0/0, ::/0
Endpoint = engage.cloudflareclient.com:2408
[Interface]
PrivateKey =
Address = 172.16.0.2/32
Address = 2606:4700:110:889d:c1ef:27f:14c3:9932/128
DNS = 1.1.1.1, 1.0.0.1, 2606:4700:4700::1111, 2606:4700:4700::1001
MTU = 1280
[Peer]
PublicKey =
AllowedIPs = 0.0.0.0/0, ::/0
Endpoint = engage.cloudflareclient.com:2408