Yes. It'll plug in and work fine. Just keep in mind it has the quirky ignition timing curve thing going on. They go all or nothing on the advance around 2500rpm. You may not even notice that though?
More help in the form of an excellent Rcexl troubleshooting guide all the way down at the bottom of the page (post #24) here:
http://www.rcuniverse.com/forum/m_8673009/tm.htm