I ran my own Mastodon for a while. While it does work, it takes up a ton of storage (every image and video you see is cached by your own server). It also doesn’t work great for viewing stuff like replies and older posts, since backfilling is still not a thing. I ended up just browsing on remote servers instead. A great blog post about this: jvns.ca/blog/2023/08/11/some-notes-on-mastodon/