It'll very definitely work for you! It's a very good player. You might also want to check out their plug-in section. eg: if you want to play m4a/aac files then you'll need a separate plug-in. But generally QCD has in-built/self-included plug-ins for all audio formats. You can also downld other skins, etc. And other things. Go thru their site & check it out. There's also a related forum if you have any problems ... there's a link on their site to the forum.
Don't forget to disable LW's media player; Go to LW's menu bar, Tools>Options>Player & untick option for player & press apply. But the change won't take effect until next time you open LW.