I previously asked about Version Cue 3 vs Subversion. I think this is a better question and someone suggested http://www.gridironsoftware.com/Flow/ I hope this question will allow others to join in and suggest other tools or give specific recommendation to using Version Que versus other tools.
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Take a look at this article comparing Subversion, Mercurial, Git and Bazaar for managing the files in a home directory, including image files and large Photoshop files that are being edited and versioned.
EDIT: The link is dead and I can’t find the article, however the information in the article is now severely outdated anyway. Today I would strongly recommend using Git-LFS (Large File System), with the file locking mechanism that was added in 2017, I believe. This is the solution I currently use, as it solves both the problem of needed to lock binary files, and avoids the inefficiencies of git when it comes to storing large files – which was one of the main points of that article.