I personally do 9-6, take my coffee breaks really seriously, sometimes to later work like reply to messages if I'm in the mood, and never (save for very very rare shitstorms) work on the weekend.
Teams vary, I've seen plenty of 9-5ers that make it work (some of them on my team). As you already pointed out, I also think younger people tend to overwork, and people with kids tend to reprioritize and go for a 9-5 schedule.
Since one gets to choose the team they join in Facebook (in contrast to being offered a job in a specific team) you get to choose a team that will fit your personality. This means you should pick a team not only based on their project, but also based on the people and the team's culture, and if you pick wrong, you can rather easily switch.
You can get PIPed out at FB, but in my org it's very, very, rare. Out of 100 people, only a few people received a rating that was less than "Meets All Expectations" and none were in danger of a PIP.
Regardless, people are measured by the work they do and against expectations of their level. There is no "hours your butt is in a chair" requirement. The big caveat is that some teams are more hectic than others and quality of managers may vary.
Compared to my previous... 4 jobs (+1 company founded), this is the 2nd lowest stress. The one lower stress job had 1/3 the compensation, no career growth, and was just a "marking time" federal tech job. YMMV.
I read a lot of conflicting things on teamblind or glassdoor about a poor WLB. It's hard to tell if this was someone in their early 20s out of school struggling to work with a large company or someone mid 30s that burned out.
If you just do your obligations does it look bad? I mean not everyone can be a top performer, especially if there is a curve. Some companies will PIP you out, but I can't quite get the vibe at FB.
I'd love to join, I interviewed last year but went thru some personal grief and didn't really prep well then failed the interview. I'd like to time to properly study this year because the process as was very do-able if you put in the effort.