It doesn't seem that objstorage supports IAM instance profiles. With deis workflow v2.5.0 installed via helmc dockerbuilder fails with an access denied message from S3 when trying to deploy via git:
https://github.com/deis/dockerbuilder/blob/master/rootfs/deploy.py#L91
The tar file it is trying to download had been successfully uploaded to the bucket, so the S3 IAM profile system is working elsewhere in deis.