It would work yes. it is quite simple I think.
Just create your graphic, put it in a folder at your forum root.
Create a new ad ACP>Advertising>Add new Ad, give it a name. Fill in the details in the Ad HTML box. You have to do this so the software knows where to pull the banner from.
Then save..
You should get a result..
After that, you can edit and fiddle around with the conditions 'Display Ad if'
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