This answer hugely depends on what you are expecting as an answer. Google has not, and will not reveal exactly how much weight each elements are worth, nor am I aware of any case study that has proven SVG as in-viable.

This answer is based on what we know and not what we hope

• Google loves responsible design :: SVG scales to any resolution :: GREAT!
• Google loves text content :: SVG supports text within an image :: GREAT!
• Google loves page speed :: SVG are super small and fast :: GREAT!
• Google understands SVG markup and a href links within :: GREAT!
• Google can read the DOM :: SVG's have a DOM :: GREAT!

With everything said above it should be clear that SVG is viable and should be promoted, it is unlikely that SVG will make a huge difference but could give you a little bit of an 'edge'. A word of caution would be that you should check how many visitors visit your site using browsers that do not support SVG, as it may be recommended you introduce a fall back before phasing it completely out.

This answer hugely depends on what you are expecting as an answer. Google has not, and will not, reveal exactly how much weight each element is worth, nor am I aware of any case study that has proven SVG as in-viable.

This answer is based on what we know and not what we hope

• Google loves responsive design :: SVG scales to any resolution :: GREAT!
• Google loves text content :: SVG supports text within an image :: GREAT!
• Google loves page speed :: SVG are super small and fast :: GREAT!
• Google understands SVG markup and a href links within :: GREAT!
• Google can read the DOM :: SVG's have a DOM :: GREAT!

With everything said above it should be clear that SVG is viable and should be promoted, it is unlikely that SVG will make a huge difference but could give you a little bit of an 'edge'. A word of caution would be that you should check how many visitors visit your site using browsers that do not support SVG, as it may be recommended you introduce a fall back before phasing it out completely.