Since I have two computers I've made Dropbox my home folder, backup?

I have made DropBox my home folder, instead of two folders and copying things in it. It makes it easier to access it from multiple computers and I don't have to remember what I've put in dropbox and not.
I know that DropBox has accidentally deleted files before, therefore I am not only using Time Machine, I am using Chronosync and it backs up the DropBox folder to a hard drive. Yet, it does not backup deletions because I turned that off. Meaning, if dropbox deletes something, it will not delete it on the synced drive, even if I have synced 100's times and and didn't notice the deleted file.
Is this the best idea? Or how are you guys doing it? I know some people don't make dropbox their home folder because they are scared something could get deleted but this seems to solve that.
I'm wondering if anyone has had any troubles doing this. Also, I backup on exfat, so I was able to plug it into a PC and see my entire DropBox home folder, with no permissions to open it.

hello again,
i didn't really dare to delete the blue home folders before, just in case everything went wrong, but now i think i have so little space that i can't afford to lose 2.25gb!
one thing that slightly worries me is the fact that the 'proper' library folder (in the home icon) is 2.09gb, whereas the 'wrong' one (from the blue folder forenamesurname) is 2.24gb - this is the one i would be deleting. just seems odd to delete a larger file than the one i presume i'm using.
"Move everything you want to keep out of the blue folders, and then place both of the folders on your desktop. If everything works properly after a few days, delete both folders. If you are asked for your administrator password at any point or if either folder is copied instead of moved when dragged, don't delete that folder."
by 'everything you want to keep', does this include the library folder? 'cause there doesn't seem to be much else, and i'm not sure if deleting the library folder would ruin all my preferences.
i've put both of the folders on the desktop, it didn't ask for the admin password or try to copy them, so i guess that's good news. what kind of things should i be looking out for to act differently?
are the folders not in use now that they are on the desktop?
also if i put them in the trash will they have no effect? i.e. the same as permanently deleting them, so i could put them in the trash as a test.
cheers, stephen.

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