Yes, if you’re going for anime style it looks good in VR due to the perceived amount of variation in surface angles, unlike billboard grass. I wouldn’t use it for any extra large surfaces in that case though, unless you were willing to drop the number of samples to keep it fast.
The latest update includes a performance improvement where distant surfaces reduce the number of samples, which should help in that regard. You could also change the material so that it includes extra samples if the user gets very close to the ground.