I was reading on the Imperial club website about these vacuum switches. It seems that the 3 terminal switch can replace the 2 terminal one by ignoring the extra terminal. This would definitely be cheaper since the original one is expensive if you can find it.
I tried the used one I have but it doesn’t work properly. Switch could be bad. On a/c the fan won’t shut off and in defrost or heat the fan will not run. I have to do some more investigating.