Most jurisdictions will no longer allow the installation of 60 amp main service panels. If you are doing a repair, and a simple replacement MIGHT be considered a repair, you might get away with replacing one with the other.
But if you have the time, money, and/or you KNOW WHAT YOU ARE DOING, I suggest you upgrade the service to at least 100 amps. Even in small homes the typical installation is now 125 amps. And if the home is all electric, typical installation is 200amps.
Replacing a service panel can be very dangerous. Do this ONLY if you know what you are doing and how to protect yourself from injury. If you are guessing, DO NOT DO THIS TASK.
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