The concept of cheap, I get. IMO, If that's what you got and you can make it work, make the best of it, however one word of warning . . . lag.
Most DVR cameras have a noticeably longer lag between what it's seen and when you finally get to see it than the typical board camera. If you're flying something slow and sedate where crisp control is unnecessary, then it'll not only be fine, it'll be a pleasure to fly. If you're flying something with responsive controls, the camera introduces a delay between action and result, which forces you to anticipate the responses, and can quickly take the fun out of it.
How bad can it be? Here's a fun experiment . . .
In fairness, the lag on a GoPro is in the low hundreds of ms, so less than several of the cases in that video, but the lag on a board camera is in the low-to-mid tens of ms, and remarkably easier to fly through. If the plane flies on it's own and you gently encourage it on course slowly, you should be pleased with the outcome. If not, inexpensive board cams are available for under $20 that can do the job well.