A sense of loss

1. Does "allowing a fleeting moment of distance" in the following text mean that the slow motion sequence distances the viewer for a few moments from the fast current of the advertising?

2. Does "a sense of loss" here mean "sense of losing your mind and feeling dizzy" or "the sense of losing someone or something" or "the sense of being lost"?

Text:
In the same TV advertising... in another instance, the ravages of the twister are briefly but effectively attenuated in a short, but highly significant, slow-motion sequence, allowing a fleeting moment of distance which produces a note of melancholy and a sense of loss that would have been missed had Kaye stuck consistently to fast-action shots. This sequence occurs in the second shot, in which a family is shown evacuating their house. Motion is slowed down to an almost processional speed and viewed side-on, as slow horizontal movement across the screen from left to right, evoking the underlying solemnity and gravity of the situation rather than its immediate panic