[8.x](backport #41727) mod: update elastic/mito to version v1.16.0 #41741
+25
−6
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Proposed commit message
This brings string formatting and DX improvements.
Wiring for failure dumps and test coverage will come in future changes.
Checklist
CHANGELOG.next.asciidoc
orCHANGELOG-developer.next.asciidoc
.Disruptive User Impact
Author's Checklist
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This is an automatic backport of pull request #41727 done by [Mergify](https://mergify.com).