I do not have that exact adapter. but i have this and it was setup in one A1200 and worked just fine in another. It even worked in UAE. I have not tried it with other hdds on the same cable. My A1200 main HDD is SCSI.. But it is afaik default set as master.
If you have cf adapters and still want to use SD cards, you could try this or this. I have not tried them yet.
On a side note, the adapter you got looks really like this one...
I think it IS the same adaptor. Using a sd to cf adaptor and then use cf to ide adaptor is a solution of course, but i would like to eliminere redundancy if possible. :-)