What is the general consensus about Apple's new APFS file system?
There are reports of it being slower than the previous HFS. Some actually say that it is faster. I'm not a developer so I do not know what is the basic benefit of APFS.
Also whenever I use the "diskutil list" command in my terminal, I find the list quite confusing. Far more than the standard HFS.
Is it possible to use High Sierra without APFS?
Here's a blog entry that lists some findings from a few reliable sources on APFS speeds vs HFS+. The short answer is that "it depends".
APFS Benchmarks
As for if it is "possible" to use High Sierra without APFS? If you have an HDD, yes. If an SSD, there's not much information out there. High Sierra will automatically convert an SSD to APFS and there's no apparent way to not do this. I started to post an idea I had to work around it, but then thought it best to not even speculate. APFS is clearly not quite ready for prime-time. There have been problems with 3rd party SSDs, with OWC's Aura line for 2013-and-onwards MacBook Airs and Mac Pro in particular acknowledged by OWC. Some games, apps, and utilities are not working with APFS-formatted volumes, though that's really more of a problem with those apps than APFS itself.
Speaking for myself, I'm running High Sierra just fine on my MacBook Air with the original Apple SSD, and on a Mac mini running an OWC Mercury Electra SSD. My iMac has a Mercury Electra, but also has an HDD in it, and while I'm not using it configured as a Fusion drive, I'm not willing to try High Sierra on it until Apple has APFS in a more reliable state, especially since I have a broader range of apps and utilities on it. I don't have any good reason to believe that I would have any issues, outside of any apps that may need updating, but I don't have a good reason to rush into it either.
Whether or not YOU should upgrade to High Sierra depends on what Mac you have; what drive you have; what apps you rely on; and your usage scenarios.