Technically no, but why not? The 7000 is available with 3/4" plumbing connectors, offers virtually no loss in flow due to its large ports, the meter is 1/2 the cost to repair/replace in the future, both are extremely simple to rebuild, and the 7000 is rated nema 4. The only real disadvantage is the physical size of the valve. It is larger, but the size is comparable to the old mechanical metered valves as I have shown in recent posts and pictures.
The 7000 also uses optical positioning instead of micrswitches. This is simpler and reduses parts. The drive train is also more durable, but this really only matters in commercial applications where the system will see daily regenerations. Residential applications, both valves will last for decades.
Either valve will last for many years and provide exceptional trouble free service. If you watch the video below, and go to my other videos, you will see me rebuild a 5000, that is very similar to the 5600 rebuild. As you can see, both valves are built to last and are very easy to rebuild when it becomes necessary in a decade.
Hope this helps.