Yeah it's a no. AH3 uses a different sound system. Incompatible with the old sounds.
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Actually, the old sounds are perfectly suited for the FMOD Aces High III project file. The default base file was originally for engine sounds running at 1500 rpm, which is a perfect match.
The thing is, FMOD can do even more than HiTech is using it for. A LOT more. You can use that to create engine sounds, and other events, through a wide range of variation in all aspects of the game.
Our gaming systems are not up to the possibilities, yet.