The resistor doesnt actually do anything here, its an (unused) indication to the microcontroller to what the frequency is. There are quite a few different passive components on the board itself (inductors and capacitors), so swapping between bands properly is a bit of work/almost impossible.
The board will work if you just change the frequency/program something out of what its tuned for, but the range will fall dramatically the further away you are for what its tuned for. I would expect about a 100x range reduction if using a 220mhz tracker at 440 (but havent tested it)