Hi Keyan! Sorry bud, the twist stick does NOT function for the X-Wing or TIE Fighter collector edition. You either have to use the keyboard, or push the #2 button the joystick and roll (at least that's how my sidewinder works )
I'm glad you posted that regarding the twist handle. For the life of me I couldn't figure out why I would ever use one in a flight/space combat sim. Now I see why that would be advantageous. But since I already have rudder controls, at least I can look into this when my X5/36 bugs out on me.