Is there probable cause to arrest a suspect when "the facts available to the officers at the moment of the arrest would be reasonable caution"?

I do not quarrel with the principle that there is probable cause to arrest a suspect when " 'the facts available to the officers at the moment of the arrest would "warrant a man of reasonable caution in the belief" that an offense has been committed. (Citation.)' " (People v. Miller (1972) 7 Cal.3d 219, 225, 101 Cal.Rptr. 860, 864, 496 P.2d 1228, 1232.) But I do quarrel with the majority's view that the police officers had probable cause to arrest defendant.