I have one that mechanically looks almost exactly the same. The difference is that mine has two switches, one for motor alone the another one for heating elements. It works fine, but I'm considering replacing the thermostats to crank the temp up by 20-ish °C. It struggles on thicker and larger boards so I need some hot air assist.
Also, yours has the same outfeed fins as mine. I filed mine down a bit so the boards can pass through them more easily.
I think I may do the same but I would like to retain it's functionality as a laminator and maybe have temperature control. I did some testing and mine survived a 67° C increase in temperature, controlled by an external controller and SSR. After a bit of drill "milling", followed by some filing, I was able to press fit an RTD into the same channel as the thermal fuse. I didn't have any thermal paste handy, so I gooped some silicone vacuum grease as a temp stand in. The reading you see in the pic is farhenheit and works out to about 140.5° C. When the laminator controls itself, my RTD is averaging about 96° C at the same location. I pushed the temp to 163°C and let it run for about ten minutes without issue. The rollers expand a bit as they heat up, so the increased friction caused the motor/gears to creak a bit.
This isn't a permanent solution. Although these parts are second hand and were basically free (aside from the SSR), this is over kill and I would rather have these parts for whatever else comes along. I was thinking about implementing something more along the lines of a triac, thermister, a pot, etc.
Two passes transferred toner onto the board in the picture at 140.5° C. Yes, this mask is the negative of what one would want for toner transfer.
Also, the thermal fuse survived.