Mine is a stainless steel Kitchen Aid and the way the warning light works is similar to yours. I just press and hold the light button to reset it to green. It works every time. I believe it is based on time and not based on flow rate. I might be wrong but I cannot see any damage can be done. The call for water switch activates an on/off valve that allows the water to flow thru the filter. If you do not see any restriction in flow then everything is OK.
I would just reset it.
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