This is a fun callback. I had one of these powering a couple of crate cabs (a 118 8 ohm and a 210/115 8 ohm w/crossover) Doing Death metal back then, 5 of the 12 stops had no PA, so it got worked out hard. It may not have the fattest roundest tone, but it can get reasonably loud for it's price range.
Will it work? Yes
The BX4500 puts out 300 watts @ 8 ohms, which is about right for that 410. When you expand, if you add a second of the same 410 it would run 225 watts to each, that would be very near the peak efficacy you can get from those speakers.
That being said, it may be wiser to look at a used cabinet to make your money go further. That rig will work, but if you are serious about playing, you will be looking for something beefier inside the year.