As Peccavi has said the heating system will empty. The value you speak of is not made anymore and the replacment value is totaly different. You would be better changing the value as folows.
1. Turn all rads off both sides check hot press for gate values on the heating flow or return close it. Turn value off at pump.
2 Air lock heating system by blocking vent and bung cold feed to heating system (small tank roof space)
3. Have small dish and bucket ready undo nut at rad collecting water in dish if you have air locked the system you will only get about half a bucket of water.
4. Change your value try and get a value with same connections to rad.
Job done very important to open vent and cold feed first then open pump value then cylinder then other rads then heat test.
N Ireland Plumber, April 2009