That converter seems janky. The FG community doesnt acknowledge any 360 to anything for 360 pads. There just isnt anything worthy.
I could also recommend the new Mad Catz MLG controller, because you can get it for either system and customize to be 360 or PS3 style. But they are $100 lol.
Idk I've never had an issue with it and Peckapowa used it at my house and loved it then I let a random Capcom kid use it at a tournament and he was like I NEED TO HAVE THIS.