As an init system it works fine, but you do end up having to find or invent a bunch of additional stuff if you want similar functionality to what's driving some of the systemd use-cases. The result might still be better (I haven't done a detailed architectural comparison), but you do need something. For example one of the things I find useful about the "systemd way" of things is that it provides, finally, a story about how to apply cgroups to services in a sane way. The kernel provides the APIs, but actually using them from userspace was not fun previously, with multiple incompatible systems, largely based on tangles of shell scripts that had broken corner cases.

With FreeBSD, my impression is that manual shell scripting is still the norm. Integrating RCTL (FreeBSD's resource-limiting facility) with service management basically consists of manually writing in a bunch of imperative calls to RCTL into scripts. There's no way to configure services with limits declaratively, ensure the right thing happens when services are started/stopped, etc., precisely because there's no integration between the RCTL facility and the process-management or init facilities. Or at least I haven't found a way. The closest is that if you need such integration only for jails, you do have the option of third-party "monolithic" management systems, such as CBSD.