In theory, sure.
In practice, people have had issues with LTH BD-R (from any manufacturer) being written as well as an HTL BD-R or a DVD+-R. That, combined with the data density, means it's easier for an LTH BD-R to go bad & cause issues compared to DVD+-R.
Plus, we have had DVD media long enough to know that you'll get at least 10 years out of it without issue. (You could even round up to 15 years, and good media will still work just as well as day 1 when properly stored). We haven't had BD media that long, so the track record is less proven.
But the overall disappointment that comes with use of LTH media means it just isn't worth it when other options are available. And yes, this includes Verbatim media. If you recall, Verbatim's DVD media is a popular choice for backups/archival. That hasn't changed. But they couldn't parlay that quality into good LTH media (especially when drives seemed to have trouble burning it correctly). So, while the last BD drives have been OK at burning it...it might not be worth it, unless you can commit to checking them even more often than you would DVD media or HTL BD media.