yes indeed. Even better done on a ceramic cooker: Smoke it at 250 or so for a while, pull it, and then while it is resting, bring the cooker up to hi temp, and sear. Don't let the meat come to room temp before putting on the grill as many recipes recommend; the colder the meat, the better it accepts the smoke.
I have done this method twice following the youtube video at the top. It is a really good way of cooking steaks if you have a really thick steak and it comes out perfect every time. It does take about 1 hour to 1 hour 20 minutes to do it so you will want to plan ahead. Dang, now i want to go get a steak.
I tried this Friday night. I brought the internal temp to 140 degrees to get the steak closer to medium. Took about 45 minutes for a 1.5 inch, 20 oz. ribeye to get to 140 degrees in the oven. Rested it for 15 minutes. Then seared it for 90 seconds a side in a cast iron skillet over a camp stove. Heaven!