I tried it for a while, and it was fine. For me, the Moto X Active Notification like feature wasn't that useful. I know that some people swear by it. I prefer LED lights for notifications, and use the Lightflow app. I can tell what notifications I have based on the color of the flashing light.
Dynamic Notifications is a good app. I had a Moto X briefly and used the Active Notification feature. Dynamic Notifications is more customizable, as one can choose the color of the notifications, breathing rate, and others. On the N5, I tried the breathing feature, but found it annoying when the screen turned off, there was a brief white flash on the screen, akin to turning off an old tube TV.