Privacy

For those interested in the answer, I quote an answer.

Push notifications still go through Google’s servers just like with Play Services

Yes; that's unavoidable if you want to use applications that make use of them, as they send the notifications to Google server-side, you can't just tell them to do it differently. If you want push notifications that don't go through Google, you can use UnifiedPush, but then the apps must explicitly support it (it's the case for a few apps on F-Droid).

uses proprietary Google Binaries for some of its components such as DroidGuard

Only for DroidGuard, which isn't downloaded at all if you don't enable SafetyNet. Your apps will also still include Google binaries of course.

Choosing a network location like Mozilla to use with microG provides little to no privacy benefit over Google because you are still submitting the same data and trusting them to not profile you.

That's fairly subjective. You could trust Mozilla more than Google (but in any case Mozilla doesn't provide its network location service any longer, you will have to use something like BeaconDB instead, and of course the same how's for them), and you could still prefer for your location-related data to go to whoever they go without all the identifiers attached that Google gets, since microG doesn't really tell them who you are aside from the unavoidable IP address.

Finally, at least back in UnifiedNLP times, you could use location providers that weren't actually "network" but let you download offline databases of cells instead. Unofrtunately, that sort of option is much more limited in current versions of microG.