Resistor Values-I'm dumb

[Riverjetty]

Hello,

1.  Can I substitute a 1.2 k ohm resistor for a 1 K resistor?

2.  Can I substitute a 1/4 wat resistor for a 1/8 wat resistor?

Thanks,
These questions are in relation to the rev D 1176 blackface

 

[CJ]

#1  - depends on the circuit

#2  - yes