Does the in-home daycare allow for enough outside, physically active playtime? Ours didn't, so while I think it was a good environment for DC as a baby, I gladly took the spot that opened up at my employer's daycare when DC was 19 months. (That daycare took them outside for 60-90 minutes twice a day, and had two big playgrounds with all sorts of play options.)
Also, it wouldn't hurt to have options scoped out. He may be satisfied now, but that may change if the other older kids move on and he finds himself with only babies. But some kids thrive alone with an adult (well, plus babies), and others are more into being with a pack of same-aged kids, so YMMV.