1st off, Thanks to Mark for the compliment above.
Now to get on with it.
I feel you have to look at this book in different ways.
1st of all is, regardless of the quality of the stories and art and who you believe did or did not create them, this is a historically significant work and that cannot be downplayed. Fawcett went out on a limb with this series. The lack of ads show that. Heck the one ad available to us at the moment is a Fawcett house ad, on the bc where normally a real paying ad would be. It only lasted 3 issues. Charlton made a stab continuing the series by producing a 4th issue, but then the series died. I'm guessing lack of sales in the larger comic audience killed this. This was a niche comic targeted for a small percentage of the population. Even today Blacks make up less than 13% of the US population. These days with modern communications it is easier for niche products to make a profit. Applause to Fawcett (and Charlton) for trying, but they had to make a business decision based on sales. Unfortunately most of the copies of these books that are out there seem to be encased in CGC plastic prisons and unless the owners can be convinced to pop them open and photograph/scan the contents, no one will ever get to see the contents of the other books. This copy was purchased coverless on ebay.
Now on to the merits of the issue itself. 1st off, I hate photo covers. to me they are a cheap cop out by the publisher. I want to see ART! not a stock photo. I'd bet this photo came from some sort of fashion advertising photoshoot or some such. The young lady has adopted a classic modeling pose/expression and the young man could not look any more stiff and unnatural. He looks pained.
I think the art is okay-ish throughout the book, but I'd have to agree with others that It seems drawn by different hands and in some cases and that sometimes it looks like the artist just drew Caucasian people and colored the skintone darker than usual.
The stories all follow the standard 1950's romance comics tropes. No surprises there. The female protagonist being the source of the problems, but everything ends up ok at the end when she realizes her mistake(s) and is forgiven. Not all, but most of these 50's & 60's romance stories seem to follow this basic path. Overall I give this issue a thumbs up and definitely think it was a good idea for Mark to add it to the reading group list.
(Now to address romance comics in general)
There are some romance comics that are different. They either follow the trope to such an extreme that they are laughably ridiculous (particularly by today's social norms) or they go off on a different path entirely, even forgoing the "happy ending".
Below are some examples for further reading to illustrate my point.
Romantic Adventures 49, ACG 1954,
https://comicbookplus.com/?dlid=17950 read the 1st story, Jailbird's Romance. Not your standard romance comic story, they got this one in before the code mucked thing up.
My Romantic Adventures 131, ACG 1963,
https://comicbookplus.com/?dlid=58827&b=i read the 1st story, Return to Romance, an example of following the standard trope in an over the top way. Also in this issue, read the last story, Good Natured Schnook where our protagonist is a less than attractive guy.
Teen-Age Confidential Confessions 9, Charlton 1961,
https://comicbookplus.com/?dlid=58805&b=i read the last story, Love is a Serenade, not your standard happy ending. Pretty sad actually.
Love Diary 47, Charlton 1967,
https://comicbookplus.com/?dlid=58780&b=i read the 1st story, Too fat to Frug, Charlton manages to follow the trope but go off the beaten path at the same time. (also has a panel that will be familiar to you Spider-Man fans)
In conclusion, before I found this site I never read romance books, but I have been sucked in by the art, particularly by the 1960's books. A lot of these artists went on to draw the Bronze Age comics that I am so fond of.