P.S. In case it isn't clear, a normal pressure balancing shower valve also has a setting to cap the maximum fraction of hot water it will put out. So if the hot water heater is, say, 130F, you adjust the maximum hot fraction so you get only 120F (or lower) from the shower/tub. Then the pressure balancing ensures the hot fraction won't be exceeded with fluctuations in pressure.
But on that remote Grohe pressure balancing valve, I didn't see anything on the spec sheet about an ability to set maximum hot fraction. So it doesn't provide the requisite anti-scalding protection when used alone.
Cheers, Wayne