Its viable, just depends on what you want to do. I would say that the Blackjack doesnt have enough armor and hit points to engage at that range but that may not be an issue for you yet. Also, 100 damage, 40 stability wont carry you for long. You will eventually need more oomph either with a beefier mech or with weapons that have bonuses and/or more specialized weapons (either damage or stability focus).
If you are still in the medium phase, shadowhawk, wolverine, and kintaro all offer faster movement, more armor and you can mount more JJ's if you want for even more manouverbility. I used the Kintaro pretty much to near end game (I am at the point of no return in my game). The shadowhawk was excellent as well.
But like any game, you will eventually need an upgrade. Lots of good heavies out there but the prize of the bunch is the Grasshopper. I got one very early, almost by accident since I had no idea what I was doing, and it nearly trivialized the game. Lots of good heavies though, quickdraw and dragon are excellent scouts (to replace mediums) and I still use an Orion at end game along with a Grasshopper and two assault mechs. I hear good things about the black knight but I dont have one. I used a thunderbolt for a while before I got the Orion.