I haven't used that particular brand, but that looks like a good coupler to me. I certainly don't see a NEMA 34 motor breaking it, if that's what you're worried about. The usual thing that causes jaw-coupler failure is slippage; either the set screw vibrates loose, or it starts cutting a groove in the shaft so it can wiggle around. The latter problem won't happen with the coupler you've linked to, since it's a clamp-style device that doesn't rely on a set screw directly contacting the shaft. To combat slippage, use a reversible thread sealer on the tightening screw.
I'm not sure which 16mm threaded rod you're talking about using, but don't use the regular "all-thread" from the hardware store. An acme screw works much better as a leadscrew, if you don't want to spring for precision ball screws.