Is this plugin suitable for a free membership site?

How we want the site to work:
1. This is not our main site but a site for information for members
2. Only registered members can access any of the website besides the home page
3. Visitors will be either able to register or login from the home page. Note: the home page does not have a menu.
4. After registering or logging in they are redirected to the welcome page. Here they can view the website and its content.
5. Buddypress is not really suitable as we are not using this website as a social environment. It is a site providing privilleged information for our members.

I'm hoping that the Membership plugin will be right choice. I have been using other WPMUdev plugins and I'm extremely happy with them.

Thanks in advance for any advice.