That's what I have had for years as well,just found this thing and it sounded good by the dudes rave. (Will control most small AC motors like engravers and fans, exhaust fans etc, up to 300Watts)
Batz
It will work, but not as well as a Fan Controlling Triac circuit and some stress out fan motors more than a Shaded Pole Fan Controller Triac circuit would.... That said I ran my original AC fan glove box design on a light dimmer for a while, though it did get pretty toasty
Light Dimmer (Solid state phase angle firing of a triac) usually will not come with a minimum level adjustment control (this is important for fan motors). Solid state controls are real sensitive to line voltage and differences in load variations. If the voltage jumps around because of the air conditioner kicking on, etc. or flipping on or off a lamp on the same branch circuit that you are running your FAN controlled by a Light Dimmer triac controller, it may cause the dimmer to kick off, or worse, half cycle which sends half wave rectified DC to your AC motor....Not Good...Toast. (Ever notice how they say on the package "for incandescent use only"?) (Light bulbs don't care what you feed them they just average the power).
When you start a dimmer on high, then reduce the speed, you can go to a lower setting, than if you started the dimmer at the lowest setting and increased it slowly, it would start running abruptly at a higher speed. It's kind of like the flywheel effect in that the motor windings kick some voltage back to the dimmer that helps to keep "triggering" it. (If that makes any sense.) If the motor is not running initially, it takes more to trigger it. This is probably why you will notice, like I did when I used light dimmers you have to gun the buggary out of the control to kick start the AC Fan going before you can back it off. Its not a linear control either, so your adjustment ability is hampered if that ever is a concern (wasn't at the time when I first needed a control capability for my first AC fan project.)
The price for a Light Dimmer circuit is usually 1/2 of the price of a Fan Controller circuit when it comes to retail checkout time.
Fan Controller (Solid state phase angle firing of a triac with additional needed components for inductive load (motor) operation) I've seen them with a rotary switch or a slider control. They always turn on at high speed and then adjust to slow. Good ones have a minimum speed adjustment. (If they don't have a min. speed adjustment they don't go very slow.) (Get one with a user settable minimum speed adjustment) No solid state dimmer operates real well at real low speeds. These controls are quite efficient for AC Fan Motor operation.
The price for a Fan Controller circuit is usually double the price of a Light Dimmer circuit when it comes to retail checkout time.
Other options are:
Rheostats which are the least efficient control.
Variac, Powerstat which are very efficient its just that they cost the most and are huge and heavy and bulky.
Variac -> Fan Controller ->
Capacitive De-Hummer (worst for variable speed, you usually get only 3).
Thats all that is best for Shaded Pole AC Motor control. Out for potential damage, and inefficiency would be Rheostat -> Light Dimmer.