They are deffo worth a read ( if recent) but also visit the school and. He knout their website. Ofsted are a snapshot in time. They capture those 3 days of inspection.
Schools that have teachers and parents running clubs at lunch or afterschool are probably strong in building a happy school community with committed teachers. Do they have a variety of opportunities? Dance clubs, gardening clubs, sport, cooking etc so children have a variety of experiences.
It depends what you are looking for. If its academia check out results. If its opportunities then check out what they do.
Ofsted reports can provide a glimpse of what the school was like on a particular day nothing more. Many are so far out of date they don't reflect the school in the slightest. We once went 7 years between inspections ... with changes of staff, pupils and leadership.