I agree you're right, speaking from the perspective of someone who uninstalled the mobile app and checks Facebook every few days.
Nonetheless, I recently checked the 'recent/chronological' feed, as well as just profiles of individual friends and old friends that I cared about. In both cases I felt that the offering was better than the algorithmic and default news feed, and somehow a net positive to my life (I'll elaborate if necessary, but I really do believe this).
If I'd have to choose, I'd go for chronological feed of of friend updates. And if I could choose what 'categories' of friends to filter by, that'd be great, but that's basically Google+ with its circles.
Anyways, what surprised me most is that even though I only have a 'facebook browsing sesh' every few days (3+), the experience I've defaulted into, the regular feed, is nowhere close to the quality that of 'recent updates hose' or 'updates from specific friends, chronologically'. But at the same time good enough in a generic sense that I can see them optimizing for that. Not really all that far off from my experience with Reddit, by the way.
On the one hand I can commend the clever nature of Facebook to go for the current News Feed approach. On the other hand it strikes me as a prime example of the dangers of algorithms and optimizing for very specific things, and the growing anti-SV narrative (much as I've grown to hate these sorts of things).