MultiGov Pro is an engine governor. It will regulate your head speed to keep it constant. On nitro, it's pretty much a must have. I have one that I will sell if you are interested. I won't use it.
And if you are talking about the Align 2in1, it's a BEC, and a glow igniter. If you google Align 2in1, you should be able to find some videos showing exactly what it is.