Its hit or miss. I recently used 2 auctioned domains with similar quality for 2 websites that I ordered from the same guy (same quality, same number of articles, same keyword research). One of the websites already have hundreds of keywords in the index and traffic, the other .. zero - like 1 keyword in top 200. Both domains are clear, never dropped, never used for anything bad, and had previously about the same amount of traffic. Who knows why Google decided that one of them deserve rankings and the other note.
So if you decide to use expired domain - do not go all in. Upload some content and see if is getting somewhere. If not - move on.