im not sure about the circuitry...
at 120v, at most, you can switch 500ma. pumps and motors tend to have a higher current draw, so i would be careful with that. plug the pump in and use a multimeter to check the amp draw... also, if the pump becomes clogged or such, it will pull more amps.
for the 24v system, it has a max limit of 2.5 amps. You probably would be ok with this, again ,depending on the valve.
If you were going to assemble your own relays, you can hook the circuit into the digital out and ground pins to switch a 5v relay.