yea that's a standard schedule for thailand muay thai training. Most schools over there does something similar.
It works well if you want to be a thaiboxer. Not so much an mma-fighter.
Also western thaiboxing have much more focus on power and physique than the Thais. Probably because of the size.
Also they go very light in sparring and focus on 100% quickness and technique.
No idea for mma,you should probably just go to a school and ask.
But i know that a lot of the greats wrestle with wrestlers, box with boxers and do bjj with bjj guys.
Also don't forget strength training. It's important for mma.
(most of them do 2 a day though. but probably considerably less roadwork than the thaiboxer)