I understood Jake's desire was to:
- install one isolator to isolate the winch when not in use.
- and to save money, if it was a 3 way, could it be used to bridge the aux battery to the main for winching and jump start duties as well. Saving money :).
And yes it will do it, but as DriveSafe has pointed out you would not want to select only the Aux battery for winching but with the proposed setup it would be possible.
You will need to look at the max current draw of the winch and the isolator current rating. My preference would be to ensure that there is good mechanical protection to the winch power lead and permanently connect it to the cranking battery. This will give the minimum volt drop to the winch.
If the isolation requirement is for security purposes then you can look at isolating the winch contactor coil or field windings.
Cheers
Ron