Absolutely essential. Fumes from lead-free solder fluxes are nasty [1]. I find that bench-top "fume extractors", consisting of a fan and thin dust filter, are extremely noisy and essentially useless. I love my Hakko FA430-16. It's relatively quiet such that a regular conversation can be had in its presence, and it really works with the right hose & hood setup.
1: https://www.hse.gov.uk/lung-disease/electronics-soldering.ht...