Yes, if you convert the file to PDF, it will be displayed in Acrobat Reader (if installed). The button to save the document can be found in Acrobat Reader within the tool list on the left.
If no Acrobat Reader is installed on your local PC, the browser will ask you if you want to download the file for later use.
If no Acrobat Reader is installed on your local PC, the browser will ask you if you want to download the file for later use.