I'm the SkySat propulsion lead and have been flying LMP-103S since June 2016 when SkySat-3 launched from India.

To answer the question:

Yes it is viable and has a number of advantages, mostly the (Isp * density) is much better than hydrazine. But, right now the engines are more expensive to build than those running hydrazine (due to higher combustion temperature, cost of propellant not really an issue). 

Really it comes down to what your mission values (cost, complexity of CONOPS, lots of flight heritage, or minimizing size), but it is a serious contender for missions which previously would be hydrazine.

I put a more technical comparison [here][1]


  [1]: https://www.totalimpulse.net/blog/hydrazine-vs-lmp-103s/