SRehberg:
I don't think there is much that goes wrong with those simple and reliable old K-H controllers. I suppose a seal could dry or crack and create a hydraulic fluid leak but I'd bet it is fine if it has been sitting inside for a long period of time rather than exposed to heat, dirt, moisture, etc.
I've got two of those new-old stock adjustable brake resistors that use the spring wire like a screen door spring. I think one is still in the original package, the other is on the firewall of my Dodge. If you get to the point you want or need one I'd probably sell the new one. If you're pulling a heavy trailer you won't need or want the adjustable resistor, you'll want full 12 volts to your trailer brakes.
I sent a letter with a list of questions to Hayes-Lemmerz about four years ago. An engineer returned my call and answered my questions. Much of what he told me he wasn't interested in putting in a letter but I made notes as he spoke. He told me the controller displaces only a tiny amount of brake fluid, not enough to effect ABS circuitry and he said there was no reason they couldn't be used. It was lawsuit mania that killed the product. One of the problems he mentioned was the difficulty in finding a suitable tee fitting to fit current trucks. He told me a big RV dealer in Canada, Can-Am RV, still offered them. I communicated with them but found a fitting locally for the Ford I had then.
Harvey