Camcorders are a pain broadly, great when they work but can be an absolute pain once they act up, they're usually very fiddly to work on and often they're nobbled for playback duty.
This is a bit of a different beast, and it might be worth a shot, but by its nature, it's going to have been jolted around a lot so it might need some tweaking to playback properly from other tapes not recorded on it.
Camcorders just go in the electrical waste here, I don't care what they are, I'm personally never impressed by them, so my personal view is that they're all junk, but that's just a personal 'thing' in full disclosure. It may or may not be technically true, I'm certain many are more than happy with them. I gave away load of them last year on here and a few other places.
Of course, this is only risk, and I don't know your skillset, if it's cheap enough for you to give it a go - I don't think it'll be a startling performer though and almost certainly won't have any sort of TBC.
My instinct is that it's probably no better at playback than a mid-market standard VHS machine at best, just with the added complication of being a nightmare to service and adjust.
$30 is cheap though, it's a few beers, so if you want it to fiddle with why not? I don't think it'll be very impressive though.
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