Yes, you could (if you have a mind to) make 3 color RGB exposures with a color wheel in front of the lens with that and be in perfect registration. Of course, assuming a good tripod with a locked off head and no vibration.
These were made by several companies, but you usually see the Oxberry models for sale. Oxberry made the 35mm Motion Picture Optical Printers we use for special effects. Look like this one is another brand, but it should do just as good of a job. Bet it came off a Forox stand...