It would work but the sound would be worse than the M-Audio.
I still use an M-Audio Transit but only for movies into a surround decoder. I compared it's sound to a the HagUSB/Scott Nixon tube DAC combo and the S/N had a fuller rounder sound with more depth, the transit was flat and lifeless. But I decided I am not the non-oversampling type and prefer a bit more punch to my music so I sold the Scott Nixon and moved to an oversampling DAC.