Combine garlic, thyme leaves and oil in large resealable plastic bag or shallow dish large enough to accommodate the steak. Marinate the steak, covered, for up to 2 hours in the refrigerator.
Preheat the grill. Remove the steak from the marinade. Pat dry and season with salt and pepper. Grill the steak to medium rare, about 4 minutes per side, and set aside in a warm place to rest.
Make the chimichurri vinaigrette: Whisk together the sherry vinegar, olive oil, parsley, cilantro, red onion, garlic, and red pepper flakes in a medium mixing bowl. Season with salt and pepper to taste.
Combine watercress and red peppers in a large mixing bowl. Dress with some of the vinaigrette--you may not need it all. Spread the salad on a large platter. Slice the steak against the grain and arrange on top of the salad. Sprinkle with blue cheese and serve with additional chimichurri dressing.
Round Out the Meal:
With roasted potatoes or roasted sweet potatoes
Kid Friendly:
Limit or omit garlic and chili flakes from vinaigrette.
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