It will work absolutely fine! BUT, you need some way to check the amp draw if you are using 3s to power a 400 motor. Start with a small prop and work your way up, because you will not want to be drawing more than about 8A-10A. If that is direct drive a 5" or 6" prop is about all it will cope with, but if it is geared then there are more possibilities.

Cheers, Phil