The plumbing code requires the trap to have a minimum 2" seal depth. That's the height of water from the top of the lowest cross section to the trap weir, aka the bottom of the outlet of the trap.
Not sure what type of equipment that part is designed for, but if it doesn't have a 2" trap seal depth, you can't use it for a bathtub trap.
For a 1-1/2" pipe, a regular solvent weld trap comes within 1/2" of the minimum possible height that complies with the trap seal depth requirement. Maybe with an unusual cross section at the bottom of the trap you could squeeze another 1/2" out of it. So the most you are going to gain with something non-standard that still complies with the plumbing code is 1".
Cheers, Wayne