yes. might wanna replace that chain though haha. road geometry is more comfortable, and you can probably fit wider tires/wheel sizes up to 27" on older frames. thats a sweet frame, i'd put road drops and orange bar tape on it. make sure the bottom bracket is the right threading/spindle length and if you replace the headset its the right size and stuff. i dont see why not man go for it

edit props to scrod and hockeyteeth those are mad helpful posts