However after reading some of the comments on the thread I decided to follow the advice of some of the commentators and I gave V10.5 black a try.
I have to say I was impressed with how solid, error-free and smooth the ROM was. I used the ROM for 2 days and never had a problem or a random reboot or anything else.
The ROM comes bundled with Galaxy S4 lockscreen that can be disabled, an awesome translucent status bar and S4 wallpapers.
Inside the ROM you'll find Nova launcher as well which is my number one choice for a launcher because I'm not a fan of the Touchwiz launcher.
Overall I would say that if I ever wanted to run a Touchwiz 4.1.2 based custom ROM then Sweeet ROM V10.5 would be the one I would choose but to be honest I think that Samsung screwed up with their Jellybean updates for the the Note I N7000 that rendered the device unusable in the first place which made it hard for our developers like XDA's senior member not-i to have a good base to start with anyway.