undoing overcranked footage

I'm a student trying to understand overcranking and hope someone could answer just this one simple question for me, beleive me, I'm not lazy, just got a million & 1 other things 2 do & I'm working 2 a tight deadline...

I have some footage recorded on an ex1 overcranked to 60fps - I'm in the UK so edit for PAL - and I'd now like a couple of the overcranked shots to play back at normal speed.

If I delete 3 out of every 4 frames will my footage play at normal speed as good as if I shot 720p footage at normal speed in the first place?

Many thanks,
Antony