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Acceptable, all right, as in
If you can get a better discount elsewhere, well and good
. This redundant phrase was first recorded in 1699.
The American Heritage® Idioms Dictionary
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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well and good
(...) learning at the outset; if knowledge sticks to him well and good, but to go in pursuit of it,...
(...) steam, oil, gas, has been defined as the difference. Well and good. Then everything worked by...