Nope!
The rear engine support just kinda sits under the engine and is attached at either side by threaded rods. It's essemtially a length of square stock with the ends cut on a 45 degree angle and two "J" bolts. Oh, and a nifty sticker.
When the engine twists a bit, it contacts the length of bar and stops moving to one degree of another. It works OK, but the mounting system isn't the best and the area where it mounts to is often compromised by rust. To work on a Speedster you would need a solidly built rear sub-frame tied to the pan/frame horns and shock towers or the roll bar/cage for it to be of any use at all.
A much better arrangement would be begin with a sub-frame, drill and tap the rear bosses in the case and use the rear engine mount from the '68/'71 Bus. Rather than the silly threaded rod, I'd use a pair of drop links. Much more solid and adjustable and with the Bus engine hanger, you could pre-load the set-up as well.
Way better than a length of square stock shoved up against your engine and a couple of cheezy 3/8' rods.
Wheel hop is when the wheels hop . . . violently, actually. It's caused by weak, damaged, worn or inefficient bushings, or weak leaf/coil springs, and lots or traction and torque. It can be fixed by using ladder bars, and changing to better quality/race bushings. Traction bars won't help as much, but they will keep the axle from "wrapping" and the leaf springs from twisting somewhat. In a VW it can be cured with better shocks with a quick rebound, new torsion plate and diagonal bushings, new trans mounts, and a system to keep the frame horns and engine from dropping/flexing under acceleration. A rear sway bar does nothing to help with this problem.
This would be for a street driven Speedster, if you aren't concerned with noise or vibration, there is a whole array of parts and modifications that can be added to eliminate chassis flex and engine movement entirely. Rock solid, great for that stiff race ready around town go-kart feeling, very tiring and annoying for even short expressway jaunts.
Luck,
T