This work aims to develop a novel method for on-line monitoring of coating quality during the Extreme High-speed Laser Cladding (EHLA) process. JG-11 coating was prepared by EHLA, and microstructure, microhardness, corrosion performance, and scratch resistance were investigated. To analyze the influences of fluctuations in processing parameters on coating quality, a single-factor experiment scheme was designed and an on-line monitoring system based on laser triangulation was built. Furthermore, a new forming method for the surface profile of EHLA coating was proposed, and a new comprehensive evaluation index of surface morphology was accordingly designed. Benefitting from the extremely high cooling rate, EHLA JG-11 coating had fine grains, high hardness, and better corrosion resistance and scratch resistance than those of Electroplating Hard Chromium (EHC). The results revealed that the surface morphologies presented different characteristics due to the fluctuations of process parameters, such as high surface flatness, deep pits, small peaks, poor directionality, etc. The comprehensive evaluation index composed of Sa, Ssk, and Str could effectively characterize the surface morphology of EHLA coating, which proved that the monitoring system and evaluation method could realize on-line monitoring of the process parameters during the EHLA process.