Activated carbon does reduce chloramine concentration, but it is very sensitive to the time its in contact with the carbon. That is the reason for the very slow flow rate. To achieve near complete removal, the residence time in contact with the carbon needs to be about 8 minutes. For the little 10" filters, that means a flow rate of 1/10th gallon/min or less. For most people, that flow rate is ridiculously slow. If you are willing to wait, this treatment is fine. For most people, they have better things to do.
A filter with a micron rating is a particulate filter and it probably doesn't have an activated carbon component. Filtering with either 1 or 5 micron filters is useless for brewing purposes.
Unfortunately, AJ's smell test is not reliable when dealing with chloramine. Chloramine has low volatility and most people have difficulty smelling it. That makes the presence of small concentrations even harder to detect. Since it only takes tenths of a ppm of chlorine or chloramine to produce chlorophenols in perceptable concentrations in beer, you must remove all or virtually all of these disinfectants from water prior to brewing.