Only if you don't know how to do it without a microprocessor. PLLs were around long before using your method. The ones we built for deep space telemetry had TTL inputs for the dividers, but they could be programmed with anything from a diode array to thumb wheel switches long before a microprocessor was cheap enough.
We achieved a very low phase noise in the output without using your method, with extremely low reference frequency leak through. The settling time was quite good, as well. the same methods worked well at lower frequencies, as well. Since he only wants one ratio, there is no need to go to your extreme overkill.