For sure it's going to blast a lot of crud thru the carbon but the way carbon works with millions of microscopic pores it doesn't clean those out so other than breathing better it won't clean the stink better.
You never bought bulk carbon and refilled any filters? Get a new filter for less than half price that way.
I've never really had a filter on my grow room the 16 years since I bought this house. We live on a small acreage 10 miles from a small town and my closest neighbour is a half mile away. During the coldest months the air just doesn't move sometimes and the whole yard stinks. A few years ago the wife started selling eggs so we get strangers knocking on the door and sometimes the smell at the front door is really noticeable so I figured I better get a good filter when I had some extra cash last summer. Blew a couple grand on grow goodies.
One thing I've been thinking about using that old filter for is making a dry sift tumbler out of it. Got all sorts of electric motors, rollers etc laying around the shop and mad DIY skills so if I lined the inside of the empty filter with the right screen I could shovel the sugar leaves in there and come back to a pile of kief. Hand screening takes so damn long.
There must be someplace you could dispose of those old filters. No highway-side garbage cans? Toss into a dumpster some dark and stormy night? Put them in garbage bags and take to the local dump? I'd find some place that doesn't leave a mess for others to clean up. I got a dozen old HID lights need getting rid of too.