I think so. A controller is the thing to have. Back on my XS11 I ran two stages of juice totaling in the neighborhood of 150hp, I wish I had a controller back then. It made things nice vs. one large insta-hit that loads up an engine at once.
With the progressives, you can ease into it with the higher hp amount being saved for the last 3rd or so of the track. Like Sean said, the weak link is going to be the transmission. But with a decent progressive setup, there won't be as big of a load on the early stages of the pass.
I would always recommend a controller. your engine, transmission, and wallet will thank you for it. Not to mention the track tune-ability. But I still wouldn't go over 80. I feel that the 20hp/cyl is the maximum for stock, normally aspirated 4 cyl. 15/cyl for Stock EFI, and 20/cyl for twins (although I would wire it up so that when the twin hits the rev limiter, it would kill the nitrous. Otherwise say good bye to a low revving power plant).
I was working on my limiter, when I was talking to a friend that is an electrical genius, mentioned a nice way to make a digital progressive. My limiter, once its done and been tested, can be had for under $75, The digital complete controller, I don't know. It should be in a competitive price with the others. I'm shooting for about $250. It will have the limiting, ramp up time, delay time, and a safety kill feature.