SharePoint's greatest strength is also it's greatest weakness:
flexibility. It can be configured to do almost anything, so in
theory it seems like a viable option for a highly-customized data
governance solution. The challenge comes back to usability, access,
security, and how much effort you are ready to put in to make it
all work. More often than not I find that organizations that use
SharePoint have a big, unwieldy mess on their hands--and somehow
still in 2019 we can't get search to actually find what we need
(assuming we have been given access, which we likely have not)!
So my bottom-line advice is sure, you can use SharePoint
effectively if you are willing to put in the effort. Otherwise I'd
recommend a tool that has a more limited feature-set but the
appropriate focus for what you are looking to accomplish.
Best of luck!
Anthony J. Algmin
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Go Make an Impact!