Yes, but this alone doesn't buy you anything. No matter which clocking you use, the 68K will still only run with 7Mhz (if you make no other modifications, that is). The clocking just tells which clock frequency the chip is able to work at, but not which clock frequency is actually used. That's still up to the mainboard, and for the Amiga, it's still "snail speed", aka 7Mhz. Unless it's pluged into some sort of accelerator.
Yes this is probably a better alternative to the 14mhz speed hack found on Aminet.
http://amigaprj.blogspot.com.au/2015/06/amiga-500-14-mhz-accelerator-with-dram.html
