Yes and No. Mostly no.
Strictly speaking yes, it will allow you to input 15/24/31k and display it on a LCD.
Generally speaking, going from CRT to LCD is going to result in a large loss of quality for a number of reasons:
1. Aspect ratio. Pre 2000 CRTs(4:3) are not the same aspect Ratio as LCDs, not only that, but among LCDs if you buy a computer monitor the standard is 16:10, and in TVs is 16:9. This means stretching the picture to fill the screen(making it look weird), or if your board/monitor support it, using the correct(4:3) aspect ratio, and then having the black bars on both sides.
You could custom make a new bezel...but that would look just as weird, cause you'd need the width for the full monitor, so you'd have a huge bezel for a tiny monitor, giving it the optical illusion of looking smaller.
2. If you limit an LCD to 4:3, you need a significantly larger LCD than CRT. You need around a 34inch LCD to get the equivalent 4:3 size to a 25inch CRT.http://en.wikipedia.org/wiki/Aspect_ratio_%28image%29
To generalize I'm saying it's possible, but there's no way to make it visually pleasing, it will always look bad.
3. You lose many of the things that make old CRT games themselves, like scan-lines, flicker, etc.
4. Something important to remember when dealing with LCDs in Arcade machines, is that (most, if not all) Arcade machines use *commercial grade panels*. Better refresh rates and response times, better color performance, and most importantly the option to *remove post-processing*(incredibly important for games).
If you go pick up a random LCD-TV or even low-mid end computer monitors, compared to the commercial grade ones, you're going to notice more ghosting, duller colors, and the input timing is going to seem just alittle off(input lag). And if you notice it, your players are going to notice it too.
Not what you wanted to hear I'm sure
But yes, what you linked will allow you to do what you want. But doing what you want is kind of a bad idea. Generally CRT games should stay on CRTs, going to LCD is a down-grade.