That thing caused my last tank crash. the controller malfunctioned and heated my tank, killing my SPS corals. I've used 2 in the past and the controller eventually f*%'d up in the end. you can use it, just have a back up controller.
As far as heater goes, I used one with a built in temp regulator, and then use another controller, just incase the heater controller malfunctions. Always good to have a backup controller for any heater that you use.