I can't imagine it would be worth it.
You are absolutely right, as I said earlier the argument they made for doing this was BS, and that they were really interested in acquiring sellable stuff.
As an example, a sending key of the type used on the Titanic is worth thousands to a collector. But the actual one from the Titanic would be worth far, far more, in spite of its condition (mostly the wood base would be gone).
As others have suggested, there are other valuables that they would also be after, and the radio stuff would be a cover for that.
A while back, Glenn Beck paid something like $60K for a compass that had been owned by George Washington. Without that connection, it would have probably been worth a few hundred.
The majority of the radio equipment is off to the right and not visible. Whatever is there is in dire need of extensive cleaning before you can really asses its condition.
Considering that a life jacket locker key from the Titanic sold at auction for 85,000 pounds, there is definitely money to be made on that stuff.