I'd use Midiox, running as a stand-alone apllication between the hardware controller and Sonar's MIDI track to handle this sort of job. It works fine woth Sonar in 32 and 64 bit Windows, the main thing to watch being that the routing is set up correctly so that Midiox receives the incoming MIDI, converts the CC number then outputs it on a port the Sonar MIDI track sees as its input.
Simply assigning a synth control other than the synth's modulation wheel function to CC1 may cause problems - CC1 is the MIDI convention for mod wheel, so using it for something else is likely to make the mod wheel operate as well as the desired control. Unless the synth can be configured so CC1 doesn't control the mod wheel any more, of course.