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I generally take reviews with a grain of salt, whether they are positive or negative. User reviews are much more persuasive in my opinion, and they are not good for Facebook Home. I just looked on Google Play, and users have given it 2 stars, which is terrible. At the moment, there are 12,284 reviews, and out of those 6,464 give it one star. When half of the actual people rating an app gives it one star, you can be pretty sure there are significant issues. A lot of users complained about negative impact on battery life and lack of support for widgets. On the other hand, it is free, so give it a shot and uninstall it if you don't dig it.
As often is the case, it depends who you ask. This Washington Post article sings the praises of Facebook Home on Android, though it does mention that the app might be more suited for power users.
Elsewhere, however, Facebook Home for Android gets bad reviews.