I've seen it proposed, but the duty cycle for the part was only 10% so it would have worn out or overheated as a constantly-working steering ram. Check the spec for the one you want to use.
Also, presumably this is for a tiller drive which you will manually lift off the pin when not running? Typical industrial actuators can't be backdriven, so won't work as a permanently-connected below-decks drive.
You should also check that the speed and force are sufficient for your needs, and that you're happy with the IP rating (noting that none of the commercial tillerpilots are entirely waterproof anyway).
torque, duty cycle and IP should be your main concerns as already pointed out.
Speed is also an issue, the higher the speed normally the lower the torque, a loose-loose situation
Having setup a linear actuator to run the governor on my generator I believe it would probably work, but most likely not fast enough to make it viable. I wouldn't expect it to last long either...
At work I’ve used actuators that were faster than a tillerpilot. That particular model probably wouldn’t have had the power, but very likely others will.
The killer is likely to be the 100% duty cycle requirement; most applications for actuators don’t involve constant movement. But there’s at least one small-volume pilot sold which does use an off-the-shelf industrial actuator, so they are out there.