Well, yes and no. It will be fine for lithium packs (if it supports them), but when talking delta peak charging, the method of charge termination (for nicd and nimh packs) only works reliably when charging at a current of at least 1C (meaning 1 time the capacity of the pack. 1C = 1.5A for a 1500mAh pack, 2C = 3A, etc).

/Erik