No.

• As you pointed out way too many data permissions
• While I'm not in the "everything for-profit companies does is inherently evil" camp, Meta has done some sketchy stuff.
• It's mostly microblogging from what I can tell, and that's best in smaller instances or instances heavily moderated / filtered to feel that way which Threads likely won't be
• It's name, even though it won't really be mixed threads like the name implies, will mess up momentum for the Threadiverse to mean AP actual threaded apps, and terms are hard.
• I'm sure their TOS, privacy policies, or moderation policies aren't going to be any better than other Meta apps.

That being said, I do like:

• They are planning to federate via AP unlike Bluesky
• Meta is trying new things other than VR.