Psst it might be an idea if those wishing to debate what data should and should not be added to a photo start a separate thread for that matter - so as not to derail this one any further
As for the shot in question I find myself very much agreeing with kundalini's points - you have a scene with a very wide range in lighting from dark shadows through to brilliant sunlit petals and in such a scene with the camera alone your always going to have to sacrifice one aspect over the other to get a shot. Do you overexpose the whole shot and get the details in the shadows and blowout the petals or do you save the petals, but get a very dark and detailless insect.
It's a hard call to make and I think in this shot it shows that, with the camera alone, you can't win either way - the petals are too large an area to blow out and the insect to key a focal point for the shot you want to risk underexposing him.
So you have to think - what do you need. Less lighting overall or more lighting? Well you can block out the light from the sun with a diffuser (if you get one of those small 5 in one reflctor sets they have a diffuser mode on them) but then you still have to battle with the dark insect, and you've just shadowed him even more with your diffuser.
So what's next - adding light - a reflcetor set to reflect light (anything white will work) and used to direct light onto the subject will help - then your whole shot brightens and the gap between the darkest and brightest point lowers - which increases your chances of getting all the points exposed correctly.
Another way to add light is also with flash - a little bit of added light to fill in those darker areas.
What you use in the field though is up to you - it can all work and it can all be tricky - especailly during the height of the day when the sun is strong and the insects very active - early mornings work a little better with softer overall lighting and more cold and sleepy insects.
As a final point your depth of field in this shot looks good - esp for f5.6 in macro work - but if you start getting close to your subject your going to have to start stopping down even more - f8 or smaller (up to f13 is common) to get that greater depth of field into the shot (since the closer you get hte smaller your depth of field will be)
Ok I think I have rambled enough there - any questions just ask