470 rpm is 35 mph. I doubt that it would be very efficient. Those motors are better suited to long flat journeys than anything off-road. It's important with a hub-motor that you choose one that will run efficiently at your modal speed. Say you want to spend most of your time around 20 mph. maximum efficiency comes at about 75% max rpm, so you'd want a motor that maxes out at 26mph, which is 350 rpm in a 26" wheel.
Another thing is the pedal sensor. The controller doesn't have adjustable pedal assist, so, as soon as you pedal, you get full power, which makes it virtually unrideable. It would be OK with just the throttle like a motorbike.
You'd need a pretty powerful battery too. That means expensive. All that power has to come from somewhere, and then the somewhere will become empty very quickly.
Many of us have played with high power electric bicycles, but, you soon find out that they can become not very pleasant to ride on a day-to-day basis.
If you need a bit more power than an average electric bike, A BBS02 or any of the 500w geared hub-motors will give you plenty of power, whilst still being light enough to give you an enjoyable bike ride. Even the 250w hub-motors at 48v can pack a fair punch. IMHO, you don't want to aim for more speed than 25mph on a bicycle because that's about the limit of brakes and tyres. Above that speed, you have to concentrate much harder, which wears you down. Also the cars don't expect you to be going so fast, which brings a lot of danger.