Sure, it'll work. Just shooting at 60fps isn't enough to recreate a slow-motion sequence, however; you have to interpret the clip as 24fps, which will give you a playback rate of 40% of the original shooting rate. Select the clip in the bin, and go to Modify > Interpret Footage, and set frame rate to 23.976 (not 24...).
In the sequence, use Scale to Frame Size (right-click on the clip and select this option), or select the clip and go to the ECP and use Motion > Scale to enlarge the clip. Like any enlargement, you'll lose a little quality in the process, but I do this all the time and it looks fine. Sometimes a little bit of the Sharpen filter can bring back some perceived resolution.
