I would say yes but send us the item number of your train first. I have a challenger that had a 5 volt board and only had to change to a ps2 3 volt board but youll have to change the connectors 3 volt board connectors are white and 5 volt board connectors are black.
so if your 3 volt board has white connectors pull them off and replace with the black connectors form the 5 volt boards electrically they are wired exactly the same as far as I know! the harnesses wont plug in to the white connectors all the way, that's why you need to replace with black connectors!
ps I'm also into turntables send me an email if you want too!