yes. remove existing chainrings, add wolftooth chainring, ride.
Without a rear clutch derailleur will I experience a lot of chain drops? or if I get the chain tension right should I be ok.
I'm running the exact setup you'd have if you added a wolftooth ring and removed your FD. So far no drops in 2.5 months of training and racing. You'll want to shorten your chain accordingly depending on the size of single ring you install.
Awesome. Thanks for your insight.