Up to a point but delivers much better IMO.
It has both horizontal and vertical recoil but is great for CQB. If you use it alongside other weapons such as your very controllable M16A2[+3] then you will have a perfect balance of long and short range monsters, capable of killing anyone in your sight. I wouldn't recommend primarily using it though, the recoil can become an *** but if controlled, you will get great results.
The horizontal recoil of the FAMAS is teamed with vertical recoil to give a compromise to an AUG and an AEK. The damage is similar to teh AEK in close quarters but lacks more so over range than other weapons.
If used correctly, this gun can dominate. it'll just take a lot of perseverence and time to master this rifle.