If your goal is to go out and have fun, then yes, it will work. Those things came in 1-4 ohm configuration, and that may make a difference. We use variants of these (I have one, but prefer same gen difalco) regularly with a variety of cars.
For cars like the JK RTR cars, probably 2 or 3 ohms would be better. For wing cars, 1-2 ohms should be ok. More ohms = more resistance, slower at lower speeds.
Suggestions to use this controller:
- verify the ohms of the resistor (printed on or use a meter)
- Adjust some of the wires on the resistor to give you some comfort at the slower speeds (trial and error)
- Verify that the brake pot is still working.
- replace any corroded or dull clips/connections
- Look at adding a blast relay for full power connection, that will give you basically an extra band
The thing is, you've got a rock solid controller there. Where it might not be IDEAL for today's cars, it will be functional. If you have to replace the resistor with a different ohm one, you need a 100W resistor, and they're commonly available on ebay for $7-20. But you definitely need to stay in that 1-4 ohm range. (I got a 5, but haven't tried it yet).
Beyond that? I think the majority here will agree that you can't go wrong with a difalco. The electronic controllers will give you a much easier driving experience.