It doesn't look like it to me. I can get it to register and I can run the test login successfully, but attempting to use the client gives me a "current node is not active" error and in the vCO log, there's a ton of errors about not being able to authenticate.
"Server has no authentication provider properly configured"
In terms of best practices for a production environment, I would think you'd want to have a central Orchestrator server, rather than using the built in one. But, I don't know how the authentication would work in that scenario. Would the vCO server need to be connected to vCenter or is the connection to vCAC all that's needed?