I wouldn't use it for security, use VMs if you need isolation.
I used Distrobox for various dev projects on Fedora Atomic and it worked great for that. I did a separate homedir mainly just to avoid dumping a bunch of crap into my real home but definitely have the expectation that anything you install has full access to the system.
I run FreeCAD via Distrobox as well since the flatpak performance was pretty bad and it's wayyyy faster which is nice and preferable to rpm-ostree in my instance.