I have been advised to modify my Posts Loop to include a custom posts / events,
My Question is: Will this Types Plugin be able to do this for me?
Please see below for the info I was given,
Events are different than posts – events = custom post (that’s how wordpress defines custom post types).
To include events when displaying posts, you have to modify your posts loop to include events.
You can refer to the following tutorial about including custom post types on your page: http://wpengineer.com/2249/wordpress-custom-post-types-get-into-the-loop/
Events’ custom post type is ai1ec_event
Also, you can refer to this general questions feed if you would like additional information -