I’ve been using Git to sync a MacBookPro and iPhone for about 6 months. Lots of Todo and issue tracking. No sign of data loss yet.
As noted in that thread above I am now testing syncing two different graphs using Git.
If there’s a downside to Git sync it’s having to be careful to not have both devices open at once.
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I’d argue that using multiple devices at once is less of an issue when you’re syncing with git compared with other third-party solutions. You’re likely to get conflicting files with something like SyncThing or cloud services, whereas git will merge the differences and if there are conflicts it will show you exactly what they are in the same file so you can manually fix them.