Create a setting page with Types?

I was just wondering if we can, or if it's recommended to build a settings page using types. Something similar to what Themes use.

For instance a setting I need is 'Region". This is because we are using the same kind of website for multiple websites in different regions. So for each site I need to define a seperate region.

In the editors, and templates I would then simply add a shortcode [my-custom-region] so that the region I define in the setting appears on the front end.

There are around 6 settings I would need to create all working as above.

Thanks