Yes, that will work.
You might want to use a low value resistor (100 - 220 ohms) instead of the wires connecting to pot pads 1 and 3 of the PCB, just to protect the 3.3V regulator from overcurrent when plugging / unplugging the expression pedal.
This will not protect the FV-1 from ESD or overvoltage however, so be sure you don't plug anything into the expression jack that supplies more than 3.3V.