Is the mental health warning serious?
Yes, and it deserves to be taken seriously rather than glossed over. The reactions are uncommon, but they are real, they can start at any time, and they are frequently attributed to something else. Knowing about them in advance is what allows them to be recognised.
My child has become aggressive since starting it.
Stop it and seek advice. Behaviour change in children is a recognised effect and usually settles on stopping. This is not something to wait out.
Can it replace my inhaler?
No. It is an add-on to inhaled steroid treatment, never a substitute. Stopping a preventer because you are on montelukast is dangerous.
How long before it works?
Two to four weeks. If there is no clear benefit by then, it should generally be stopped.
Why in the evening?
Because asthma characteristically worsens overnight and in the early morning, and evening dosing matches that pattern.