Do you mean, in terms of implementation or for the user? Because as the later, I think the two are already conceptually different (homepage vs next video), so I don't see how just feeding it different videos would make it more complex.
So let's say I'm interested in exactly two things. Russian dash cam videos and videos of trains without narration.
I go to the homepage and click on one type of video, what should the next video be? A random video from the two categories? One or the other? Should it show me a banner at the top indicating what recommendation mode I'm in (historical preference or "similar to current video").
Now I go and do the same on my Android YouTube app which has no real UI equivalent of a homepage, what happens then?
This is a lot of UX complexity for a feature few probably care about.
By the way, the Android app does absolutely have an UI equivalent of a homepage, it's even called "Home".
Making your app behave differently because you navigated to the current state via different menus is very bad UX design. That's all I'm saying. Your suggestion would entail either UX complexity or such implicitly different behavior for YouTube.
Yes Android has a "Home" button. But what I meant by no real UX equivalent is that when you open youtube on the web you'll open a new tab and go to youtube.com.
When you do so an Android you've likely just dismissed the app in the past, and opening it again will bring you back to the last video you were viewing. You don't go through the homepage by default.
Thus it's more of just another menu item on Android, not something that's equivalent to / on a website.
For example, Russian dash cams to Russia at night to the Russian sleep experiment creepypasta, to horror games to video games in general, if that is what the user tends to watch.
I know this has graph theory written all over it and the shortest-distance problem has wreaked havoc for centuries, but I think with enough resources Google/YouTube could find a good compromise in this situation.
So e.g. if I go and view Russian dashcam videos they're going to automatically play more of them, even though I've shown no prior interest in that topic.
Having two systems for recommendations would introduce a lot of UI complexity, so I can see why they didn't go for that, and why the recommendations are consequently tuned for people who are actively watching videos on some topic right now.