It will work as pH Up but is slow reacting. Potassium hydroxide that is what is in most Up products works a lot faster.
One of the problems people using hard tap water run into is after they pH down and it seems good it tends to rise later. This is because of stuff like calcium carbonate that is slow to react. The pH down takes care of the free carbonate ions right away but them more of the same are freed up and the pH rises. I've explained this so many times that I saved one lecture so I don't have to type it all up again and again.
"I tell guys to run a little experiment. Get a liter or some other amount you know how much it is and check the pH and write it down. Then add enough pH down to get to the level you want and preferably run an airstone in it or at least mix it up a few times for the next 12 - 24 hours then check the pH again. If it's back up to the same as fresh out the tap then you've got hard water with lots of carbonates in it and they are very slow to react with the acid in the pH down. Keep doing the pH down keeping track of how much of that you use the whole time too.
Once you get it to the point where the pH will stay at the level you want and not wander up any more then you will know how much pH down you need to get your water stable and can just add that amount to a batch of water and know it's the right amount to use. Keep an eye on the ppm of your tap water as that will change with the seasons in many places that use surface water as a source so the amount of pH down will have to be adjusted to suit."
Saves a lot of grief to just invest in an RO system or like I've been doing buy RO somewhere but take your pH pen with you and check the first jug you fill as some places rarely change their RO filters and the ppm can be almost like out of the tap. Any higher than 20 I take it up with management.
Minerals in tap water accumulate in the pots so if using high ppm tap water get lots of runoff and/or flush the plants once in a while to get rid of the buildup that can lead to toxic salts buildup and really mess up your grow. If doing hydro then keep track of how much water you add back and do a nute change once you've added back as much as the system holds originally. Not a big deal if it's 100 ppm but many are up to 400+ and that will for sure cause issues down the line.
Tap water can be high in other minerals like sodium, iron, manganese etc that are at levels fine for potable water and may even be good for you to drink but over time, like the carbonates, can build up to toxic levels in pots or hydro systems and cause lockouts or even poison your plants.
Hoping to have my own RO system soon but my tap water comes out of a dugout on my property and needs better filtration and treatment than regular tap water so am hunting down a good source for parts to build my own system rather than something off the shelf. Preferably a local source but not many of those here in northern Alberta.