YES- that is EXACTLY what this bracket is for.
I should also mention that the pics show a standard D1 in my 1992 Mustang on a stroked 351W with 1" down/ 1" back mount plates, convertible mounts, and RHS heads. I had to do a little clearancing on the inner fender so that it doesn't rub, but nothing was cut. All of those variables affect fit, but the plates are designed to compensate for the deck height difference between the 302 and the 351W and keep all of the drivers side accessories in the stock location using the stock accessory bracket.
Great looking motor, btw.