I’ll say within the past few months there hasn’t been as much activity as there usually has been, so there’s not like a lot of new features coming in like there is for PieFed. Part of that is likely due to the fact that Mbin’s low on devs ATM, especially since one of the previous devs went AWOL. Still, I’ll say Mbin is already quite polished and works well, even if the dev team isn’t as active as they once were.
I was actually recently discussing self-hosting email on Matrix a while ago, so I’ll just copy-paste below. Long story short, find the right existing email software you want to use, set it up correctly with a healthy IP address and domain (not blacklisted), the right DNS entries, and a PTR record, and it’ll work just fine.