Facebook lite is really a very less space consumable app. and is very handy and easy to use. Im using this fb lite for nearly two years and I like this very much. It is easy to use and is fast too. Uploading status or post with this is really fast.
But one thing is not their and that is the reaction that we enjoy to give and receive from others which makes us happy and to see people thoughts on our post, which cannot be done from the lite.
But it is also true that each and every simple thing doesnt contain tons of facility.
As per my view Facebook lite is very very easy to use and the facilities which it provides is more then enough.
Now the decision is yours, cause I like using lite alot.