The one you pictured will certainly work and last forever once you get all the fittings adapted to work for you.
But something like this might simplify it even more with less fittings to figure out: Heater Valve 5/8 Hose Manual Cable Control FOR universal 85698014
Here's a link to it on Ebay:
Heater Valve 5/8 Hose Manual Cable Control FOR universal 85698014 | eBay
If you google: Heater control valve, heater valve manual, auto heater control valve, etc. you'll find different sizes/configurations, etc.
This one already set up for 5/8 inch hose is around $22 delivered. You can find them on Ebay, Amazon and most likely your local auto parts store. At least it's another option for you.
Since I remove my cab for the summer, I decided not to put one in. Uncoupling the heater hoses would still require draining down the system to prevent a mess so just as easy to drain, uncouple heater hoses and reinstall the bypass hose. But if you leave your cab in place.....these would make life much easier.