It really depends what 'higher levels of play' means to you.
He will still have some strong lane matchups due to how overbearing he can be for certain melees, albeit fewer good matchups than before most likely. However, he'll also be more valuable in matchups against tanks like Maokai or Shen. Whereas before, you could pick these tanks, stack some armor in lane, and count on Garen being useless later on, but that should be less true now. Since we're moving him toward more of a carry, Garen doesn't lose when he goes even anymore.
I can't say whether he'll be an LCS pick or not, since they tend to value very particular character profiles and don't often pick pure melees as often, but hopefully he can be a strong pick in Masters solo queue. Internally, I've got Masters and Challenger players telling me he feels really strong now, but I guess we'll have to wait and see!