no, mgm will not work with hrs. in futaba's manuals they state that hrs mode isn't compatible with all speed controls, any 2.4 system should be fine though. i just switch mine from hrs over to ppm and all is good!
Does the R603FF receiver support both modes (HRS & PPM)? The receiver I have doesn't, when I use PPM, I get nothing. No signal at all, to the servo either.