It didn't work for me when i moved from a 1000 to a 1030.
Locations, courses and the like worked ok, but not the settings or the sports fit files. I have to recreate the data pages and the sensor info separately.
I would be very careful with that. It may appear to work, but could cause issue that will be hard to diagnose. The screen layout information is different as are some of the options in the settings file. I would not recommend importing the settings and the sports profiles.