Mickey, that's the way we used to do our steaks when I had my restaurant and I still do them that way.
If a steak is done properly on a grill it is really good. I've had too many over charred under done steaks from a grill not by my hand either or GH's. Gotta couple of brothers who think they are grill masters that haven't the foggiest idea of how to grill a good steak.
