Yes you can.
I have it.
It will then support other batteries besides the P2 standard batteries, it will NOT HAVE the No Fly Zones restriction (depending on FW version (mine does not have it) and you will loose the LED behaveour underthe arms..
So... Install it and then use the LED from phantom 1 (and USB micro port to connect to it)
I'm using it for one year ad a half now without ANY problem now, no fly aways, no misflights, no overheating, no problems at all.
You will need to have Nazam v2.20 installed and NEVER update the PCB330 to version 1.1.2.1
Just keep it at version 1.0.1.31
If you do, it just stops working
The gimbal section of the nazam assistant software will NOT work with zenmuse H3-3D as well.
The pitch control will be done with the X1 controller at exactly the same way but you will no longer have control over the gains.
So I suggest you use a 10KOhm logarithmic potentiometer instead of the potentiometer on the remote controller board,.
That's it.