Yep! I have both a FJ jacket and pants in rainwear that I bought years ago. I don't use them very often so they've lasted a long time. But, they're heavy and hot!
They were made before GoreTex and other waterproof, breathable fabrics.
My advice? Get the absolute best you can afford! They will last you a long time, they will keep you comfortable, they will be light, and they won't impede your swing very much.