In 0.61, our peer dependency was set to a strict "0.61.5". This was never an issue since that was already the last release. The peer dependency for RNW is currently set to 0.62.2, which will give people errors if they rev react-native further than that.
From recent discussion, we're still giving folks guidance that has them potentially installing a newer patch release than we explicitly target. We should update our peer dependency to support this.