Any derivative of the 4-4-2 is a solid formation that will do well MOST of the time vs the average player.
Your 4-4-1-1 is similar so should be the same as 4-4-2 for the most part.
I would prefer 4-1-4-1 myself as it is a bit more defensive but can be as effective as 4-4-2 with the right orders.
But yes, your 4-4-1-1 is sufficient for MOST games.