We use a similar setup for some of our services at edX. It is worth noting that you may need to adjust your development behaviors/environment somewhat to accomm

We use a similar setup for some of our services at edX. It is worth noting that you may need to adjust your development behaviors/environment somewhat to accommodate Docker. For example, PyCharm supports using Docker Machine but not the new Docker for Mac. This means you won't necessarily have access to PyCharm's code inspection and remote debugging if you solely use Docker. This has resulted in my having a virtualenv on my host machine as well as the Docker setup, which is not ideal. Once the tooling is better, things will be great; however, we aren't quite there yet.