The manufacturer has rated this relay for nominal motor (ie inductive) loads of 0.5 A, with peak surge of 2.5 A, at 120 VAC. The flyback diode should be sufficient, since the switching rate would not be very high to control a relay. The terminal block supports a max wire diameter of 1.5mm2 (~16 AWG) which would be more than plenty for a 0.5 A load.
If you're actually running >60 VAC through the relay, then it's good practice to add a slot that prevents creepage currents between the low-voltage DC section and the higher-voltage power section.
For smaller applications, this seems reasonable enough, at least to me.