Yes, if you have the gear and know-how, it can work very well, though nothing comes close to playing as a group, live in a room, in front of people. There's a communication that you get when you play together a lot (how someone stomps a foot, raises a guitar, gives a look, nods their head, etc.) that allows for improvisation that's really hard to do online.
I was playing in BC, so having moved back to Ontario have stopped playing with that church, as we're no longer congregants. Here, we haven't settled into a local church, as we're not attending in person. I got so used to the cycle of prepping during the week for the song selections on Sunday that it structured my practice time. Without that weekly rhythm, I've completely fallen off my practice schedule. For me, bass is best as a collaborative instrument, as it bridges rhythm and melody, so playing alone is a lot less fun.
I'm sure once things get closer to normal, I'll find an outlet somewhere. I really admire your craftsmanship, and am always tempted to pick something like that up as a hobby. My grandfather did stained glass, and it's something I've always had in the back of my mind, but have never taken that step of figuring out what's involved beyond the most basic research. Maybe when the bike is 'done' and I can reclaim more of the garage...