Just to point out that it is clear that it is already possible to manage content in source control, take a look at this topic, it’s maintained on GitHub:
Themeable site settings allow a theme (not components) to override a small subset of core site settings, which generally control parts of the UI and other minor functionality. This allows themes to have a greater control over the full site experience.
at the bottom:
though I’m not sure if this functionality has yet been released or announced (or if that’s intended)
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