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Thanks for the example Bumkus.
I've known home-schooled kids who were both far behind, and far ahead, of where I was at 17, coming out of high school. So much depends on whether the parents were kind, reasonable people, who passed on their personality traits to their kids.
I'd say that home-schooling amplifies a parent's influence on the young person. In general you'd rather have the parent's influence, as opposed to the local high school student body's influence ...
As Dan Jenkins put it in Semi-Tough, by age 15 it's out of anybody's hands what's going to happen to a kid, other than their juvenile delinquent friends' :- )