Same could be said of Telegram. Plus, we know their encryption is not really that great because no real encryption expert will stand behind Telegram's encryption and Telegram says "Trust us" when it comes to the subject of their encryption.
Signal tech is open source, can be checked and has been checked. I am pretty sure that if Whatsapp was lying about using the Signal encryption libraries, word would have leaked out of Whatsapp by now. On top of that, I would trust Moxie 100 times more than I would of the owner of Telegram.
Plus, the idea that Whatsapp is taking screen shots and sending it to Facebook is pretty silly. It would be really simple for them to have the messages copied; one going to true receiver and one going to the Facebook servers. There is no need for elaborate spying by Whatsapp, it would be really simple for them to spy on you if they wanted to.
* I am not calling the owner of Telegram dishonest, but in the Moxie vs Pavel Durov debate, I am going with Moxie.