Yes, it will work, but why? Your system is running at 75MHz FSB, not 150MHz. You sould have been better off with a slower Celeron to get a faster bus speed, since the multiplier is lower. The most common overclocks were the 300a to 450@100MHz FSB, and the 333a to 500MHz@100MHz FSB. Maybe the 366 would go to 550 under the right circumstances.
What's the frequency, Kenneth?