Welcome 315! First answer: No. The LU60 Collar/Adapter need to be bored to accept a Malkoff. Your two easiest options are 1) Get a drop-in that will fit in the LU60 collar (where the P60 sits), or 2) Get a dedicated bezel, such as the KX4. Also, if you get a high powered drop-in (One that generates alt heat), you may want to switch out your bezels, as the factory bezel on the M951/M952 (the "Z48") traps more heat than it dissipates, and this can be a problem with A) Cooking the LED, or B) Melting the thermal compound (glue) holding stuff together, and then your drop-in fall apart on the next shot.
The Z44 Bezel (seen on the C2/6P, etc.), is much better at drawing the heat away from the Drop-in.
Hope this helps, and again, welcome! (Oh, check out my digram in my sig for some ideas of what can/can't go together, if it'll help).