Ive never used that version of the iRig, but I’d say yes anyway, as i hate the HD version i have.
I will add that both do the job, so it really depends on what you think is lacking. There is no set up or drivers to do, it plugs in using one cable (if you have a USB-C ipad) and just works. The ipad is more powerful than my PC (which runs Cubase pro fine) so latency is very low. I do find that sometimes the ipad doesnt recognise it, so i take the cable out and rotate it. That shouldn’t be necessary but it seems to work. Not too often, and once its connected its 100% stable.
I used this set up, in to Cubasis 3, to record the vocals and bass on the soundcloud tracks i posted.