That valve will work as you want.
However, that valve will provide full flow at all times unless you reduce the engine rpm, add a needle valve or a restrictor washer in one of the fittings.
How would you control the speed of the auger/grapple?
If the 3rd function valve is second valve in the series path, and the first valve is using all the hyd flow, the 3rd valve will have no fluid flow.
That is an expensive 3rd function valve.
You can gather up all the parts and do it yourself for less.