of course it will do it but think to this: i had one of these babys back in 1995 with the fpu too and i gave them back both for the big kitty of the time the blizz060, it cost me an arm and a leg as they say but until now i have blame my self only because i did not made the move to the 060/ppc solution...
but... go ahead if you don't need more than this it's a good piece of hardware