Al601,
This is common practise in Scandinavia and Northern Europe, and I have described this solution, and seen it used for a large number of projects, without problems. Installations range from DN50 to DN600 (24") as the normal ready available top size, but more seldom above this size.
Installations have been working for many years with handwheel and spindle only, manual gears, automated pneumatically, oil hydraulic (more seldom) and electrical, and very seldom water hydraulic from drinking water mains. Some with rather long stem extensions.
Range: all types of wastewater installations, pumping stations, pipelines, plants, floodgates, airports with wastewater mixed with de-icing fluid, softer types of concentrated waste with lower water content etc.
There is however a number of important points to be taken care of, briefly stated as selecting products on quality, not on price.
(Search the forum, some of this has been discussed before.)
Most important points listed:
Dropthight both ways from zero to full working pressure (NOT one-sided), no pockets enabling waste or dirt to be packed, valve valid for described working pressure.
Note: flangeforms might be for instance PN10 or PN6 and valve must be qualified for end of line use. Allowed working pressure might be lower (2,5 or 4 bar varying down from PN10 for lower sizes and from brand to brand). Make sure this does not create problems with test pressure, whaterhammer max pressure or other requirements).
Materials: Housing: not less than nodular cast iron, certified epoxy coating not less than 250 my. Gate: not less than SS (good general resistance quality, but not necessarily SS316), stem likewise, good guiding of gate, top quality sealing construction and material and consruction backing for port sealing (if possible steel reinforced rubber).
If automated there is an additional number of points.
Likewise important: correct installation (top up, exceptions as allowed by manufacturor) and regular maintenence: slight greasing on stem and gate.
Supplier should be able to give references from longterm installations.