Is it bulletproof? Definitely! But you need the genius of Albert Einstein as well as the patience of Mother Theresa to actually use it in production.
It's the one security practice that actuuuualy works
But it also got its share of use-after-free and OOB access vulnerabilities this year: https://feedly.com/cve/vendors/openbsd
First of all... Do you really believe that to be true?