Precise altitude data are indispensable for flight navigation, particularly during the autonomous landing of unmanned aerial systems (UASs). Conventional light and barometric sensors employed for altitude estimation are limited by poor visibility and temperature conditions, respectively, whilst global positioning system (GPS) receivers provide the altitude from the mean sea level (MSL) marred with a slow update rate. To cater to the landing safety requirements, UASs necessitate precise altitude information above ground level (AGL) impervious to environmental conditions. Radar altimeters, a mainstay in commercial aviation for at least half a century, realize these requirements through minimum operational performance standards (MOPSs). More recently, the proliferation of 5G technology and interference with the universally allocated band for radar altimeters from 4.2 to 4.4 GHz underscores the necessity to explore novel avenues. Notably, there is no dedicated MOPS tailored for radar altimeters of UASs. To gauge the performance of a radar altimeter offering for UASs, existing MOPSs are the de facto choice. Historically, frequency-modulated continuous wave (FMCW) radars have been extensively used in a broad spectrum of ranging applications including radar altimeters. Modern monolithic millimeter wave (mmWave) automotive radars, albeit designed for automotive applications, also employ FMCW for precise ranging with a cost-effective and compact footprint. Given the technology maturation with excellent size, weight, and power (SWaP) metrics, there is a growing trend in industry and academia to explore their efficacy beyond the realm of the automotive industry. To this end, their feasibility for UAS altimetry remains largely untapped. While the literature on theoretical discourse is prevalent, a specific focus on mmWave radar altimetry is lacking. Moreover, clutter estimation with hardware specifications of a pure look-down mmWave radar is unreported. This article argues the applicability of MOPSs for commercial aviation for adaptation to a UAS use case. The theme of the work is a tutorial based on a simplified mathematical and theoretical discussion on the understanding of performance metrics and inherent intricacies. A systems engineering approach for deriving waveform specifications from operational requirements of a UAS is offered. Lastly, proposed future research directions and insights are included.