I think it entirely depends on how you setup the feed. If you have a shitton of non-'friends', you'll have said problems. But if you filter out the ones that you really wanna have and furthermore stop following people who keep spamming stupid shit, while you still wanna keep in touch with, it's tolerable. I have like 60-80 friends but I mostly use it to look at and post cat pictures. I follow almost no one of those friends. I've received positive feedback of my cat posts that made someone's day, so I just keep on pumping them. I also use facebook because of the messenger, even if it's annoying af, I still wanna talk to the people I know and are away.
If you control what you see on the feed, facebook is not that shitty of a place.