Probably. You need to look up the measurements of the Fluidmaster on their website, and work out whether it can be physically fitted without interfering with the syphon in the centre of the cistern.
If it will fit, then:
1. Turn off cold water feed to cistern, flush cistern, remove remaining water in cistern (wet vacuum cleaner or a sponge).
2. Disconnect cold inlet to cistern at base of shank of old valve.
3. Remove nut (usually plastic) holding old fill valve in place.
4. Remove old fill valve and float. Clean inside and outside of cistern where Fluidmaster will sit.
5. Adjust Fluidmaster height to height of old valve.
6. Install Fluidmaster. Black cone shaped washer inside cistern, cone down.
7. Fit nut to shank under cistern and tighten, making sure float valve is free to rise and fall.
8. New fibre washer in tap connector on inlet pipe (1/2"). Reconnect and tighten inlet connection. Tight but not over-tight.
9. If 8 and 9 difficult because little play, slacken nut on shank until enough play to get connector on, then hand tighten each bit by bit, final tighten back nut, final tighten connector.
10. Restore water connection. Go slowly checking for leaks.
11. When no leaks, adjust fill height to line on inside of cistern