I believe it is fine for CG. If you use a lot it doesn't come out too easily though.
It definitely weighs my fine hair down and makes it feel dirty and look greasy. I have fine hair so I have much better luck with jojoba oil.
If I'm gonna use a coconut product, I very much prefer coconut milk as a pre-wash DT. It's a little messy but I just do it in the tub while I take a bath and put the extra in the bath so I get out feeling super soft all over.