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The importance of the local feed shouldn’t be underestimated - it’s one of the reasons that the ‘rglullis’ communities have struggled (as discussed on https://lemmy.world/post/20236330)
Thats an interesting dynamic, which also influences the choice of instance: which instance gives my posts the most initial boost.
This also results in a soft network network effect between different fedi servers: servers with a lot of reach attract a lot of people because they have a lot of reach. Its necessary that the biggest instance implements counter measures here. Lemmy.world does that by selecting the all-feed as default in the UI. Threads doesnt.