I think my issue with it has to do with too clean of a UI, not enough visual hierarchy, delineation between post replies, etc.
What I like in PhpBB forums I joined is the organization of topics, usually hierarchical; balance of information density, not too high, not to low; good pagination that is fast to load; ctrl-f does what you expect: search in current page; theming that usually makes each forum look unique; profile and signature customization; no gamification of usage; and probably many other stuff I forgot.
Many of these things are personal and YMMV of course.
I'm also still rectifying against the recent changes to a shared username. As an engineer I understand why they felt the need to do it, but it feels like it's started to bring my personal/casual persona and professional one closer than I'm comfortable with. But, maybe I'm just misunderstanding the interface.