Hi Keith On modern Esc's the main part of the electronics is powered from the motor battery by a regulator in the Esc (this also gives B E C 
This does away with the need for a RX battery. On the MR15P this is not so. This unit is run from the RX supply. The Output of the control is mostly seperated from the RX battery, and as such needs a seperate supply to feed the motor. It should be compatable with any standard RC system, (They worked with Futaba Digimax, and I don't think the standard has changed)
If you connected it to a RC system, with NO motor or motor battery connected, RX and RX battery only When you move the stick from ahead to astern you should get a slight click as the relay changes over.
I used this type of Esc on 12V with a Hectoperm motor, and with a slight mod. with a AC Delco 24V wound field motor (came from war surplus shop, ex bombsight compensator, ) .
I don't have a MacGregor Esc, but I do have a MacGregor single channel RC combo complete with Servo. No use these days, not even crystal controlled.
The choice of motor is dependant on the load current taken by the motor, remember the Esc has a MAX current carrying capacity of 15A
Cheers Tom