Yes. They replaced something similar for me. As long as it is the same number of units or MORE, then you should be fine. I took "Survery of Biology"(Bio 310) which was 3 units, and didn't do well because I fell ill during the final. I then took the appropriate pre-med biology, "Principles of Biology" (Bio 400) which was 4 units. AACOMAS counted the second course as a grade replacement. I remember being really stressed out about it because I wasn't sure if they would allow it to replace my first grade (which brought down my GPA significantly), but they certainly did! I think you should be fine, so don't worry! Of course, I can't guarantee it, but as long as you LIST IT as being a repeat/grade replacement on your AACOMAS application (don't forget to mark it as a repeat), then I think you'll get it replaced.
Worst case scenario, they will ask you to send them a catalogue description of both courses to make sure they are close enough in content to be considered "equivalent." They did not ask me to do that though, but I read somewhere that they sometimes request it.
