Because bone lacing directly affects your unarmed attacks, it isn't a bad idea. Of course, any essence loss drops your magic, and robs you of PP, which can be used for many things. The increase of Body and Armor aren't bad, either.
Boils down to personal preference, really. I'd personally avoid the 'ware, and invest that PP in things which either enhance my unarmed attacks, or help with other things, such as wall running, combat senses, and so on. Being able to maneuver in three dimensions and avoiding hits rather than soaking them is generally better, IMO. But YMMV.