It's a better situation than Mastadon because you can keep your handle. On Mastadon when you change servers you get a new handle since they are tied together.
What you lose (at least last I checked) are action notifications based on your forwarded handle(s). This mostly doesn't matter, though in my case I have one mildly-viral toot which occasionally gets rediscovered. Missing out on the notifications storm there is mostly feature rather than bug.
For the curious: <https://mastodon.cloud/@dredmorbius/102376653178100454>