This node only changes the column type, it doesn't convert between formats. I'd recommend using the infocom/chemaxon nodes, the desired node called mol convert.
The Chemaxon node is called Advanced MolConverter, you do need a license for it though.
Alternatively you could try the Openbabel node (Chemistry/Misc/Openbabel).
You need to install OpenBabel before using the node, http://openbabel.sourceforge.net/
Unfortunately not all node vendors have updated their nodes yet to work with 2.7, so if you depend on one (or more) of those, you will need to do it the old fashioned 'external tool' way.