For me IDA Home seems to lack at least one key feature we needed back then: customizable CPU plugins. We had to extend one with a newer version of the instruction set. On top of that, that CPU type is not even available via Home. Also no RISC-V support (yet?).
On another note: the whole cloud based concept for a disassembler/decompiler with debug support sounds like a recipe for disaster. One wrong key press and you might run malware on an internet connected system. Even when only disassembling, I am tempted to run everything in an offline VM to defend against bugs in the disassembler.
[1] https://hex-rays.com/cgi-bin/quote.cgi/products [2] https://hex-rays.com/ida-home/
As binary ninja is proprietary, I would recommend against getting locked into its workflow, too.
While it's true that malware could hide well theoretically, I'll also add that in my experience investigating malware infections from friends and family and occasionally hunting for malware myself, samples attached to cracked software tend to be things like miners, iStealer, script kiddie RATs, etc using simple "binders" - which are usually incredibly obvious, like extract the real executable into %temp% or the usual RunPE gimmick. People posting malware on torrent sites are not exactly APTs using spear phishing attacks.
Also analyzing malware tends to make one more paranoid. This is definitely a thing too.
And the most powerful features of it like hexrays require cloud cooperation so they don't work :(
I really wish it was affordable for individuals because I would pay for it if I could.