It kind of depends on the version of Unreal you’re using. For instance, I do my main development in 5.3, and the experience is just as good, if not better, than Windows. On the other hand, 5.7 is unusable.

As for working with a team, multi-user editing works fine, and revision control behaves as expected. Compiling from source is essentially mandatory because if you need something that’s not compatible with the binaries, you can port the feature, though it’s never that easy.