Is Git/GitHub a good WordPress deployment solution?

I’m currently developing my WordPress locally, committing my code to GitHub with Git and then SSHing into my server and doing a “git pull” to update my code. Is this a good option for code deployment onto a WordPress site (I obviously have root level access to my server in this case.) I know of things like Capistrano, but would that be overkill for deployment to a WordPress site? How can I make the most of Git/GitHub in this case?