There is no one-size-fits-all in this case.
One thing I fear for my children is that homeschooling may rob them of vital social skills that can't easily be taught at home. But with the right social network (large family / friends), this can also be addressed.
Many homeschoolers get together for lessons, field trips and just socializing for this exact reason. They are also generally active in assuring their children have a social network of other children.
From personal experience I think the only thing it lacked for my daughter was teaching her not the social aspect of school but how to navigate authoritarian hierarchies. I am not convinced this is a bad thing.
I've said it before and I'll say it again, the "socialization" I got while homeschooled was far superior to that I got at public school, mainly due to the quality of the other kids I was dealing with.
Exactly that!