Absolutely you can. In fact, that's what I did. And to be honest, it's probably best to do your own template anyway because it is my understanding that when the 3 columns come out you will STILL have to use the Block by Block builder so there will be limitations just like now.
In fact, the reason I created that template was for people who wanted to upgrade their SBI! designs. It wasn't too hard for me but I would highly suggest you get comfortable with CSS and HTML (and an editor if you are going to use one) BEFORE you try to make the transition.
Also be sure you follow the SBI! Transition Guide located in Site Central in "Upload Your Own HTML". That will keep you on the right track.
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