Yes, it will install WH16NS60 firmware on it.
Mona
Thanks. The UHD Drive tool seems to have run perfectly. However, my LG WH16NS40 drive is still identified as WH16NS40, but now has firmware 1.02 installed and with very light testing, reads 4kUHD media just fine. I have not tried to actually rip or copy anything with it yet.
Update: test copied a complete 4K/UHD title to verify drive works properly without read errors - all went well.