IMHO I don't really think that two pages are needed. Is it really going to bother members that they see the 'extra gubbins' in the custom templates and the sidebar? I think that's probably very unlikely. It's probably unlikely that many members will actually look at the Home page anyway, or the Featured Threads page come to that, going by past experience. That's the whole point of the Featured Threads blocks at the top of the forum page, thread view and new/recent posts pages - to catch those regular members who bypass these pages as they have bookmarked the forum page to get straight into the discussion.