Lemmy is working well for me with my front page set to “Subscribed” and “Top Day”. Of course you have to subscribe to communities. I went to lemmyverse.net and sorted by the biggest then went through the list picking all the ones of interest. I’ve got about forty communities and I get a healthy front page that keeps me occupied. I usually run out of time before content.
I don’t see how “All” or “Local” would work as well. If you’re on a smaller instance you won’t get much action with “Local”. With “All” you get inundated with stuff that’s not of interest. Curating the All feed is going to be a bit tedious as you have to block all the communities you don’t want to see. I feel using the inverse logic of viewing only communities you select is quicker and easier.