As an alternative to a track bike with an outboard brake? No. While one can ride a track bicycle on the road for training or as transport to the velodome you can't ever ride a road bicycle on the track and there is absolutely no way one can convert a modern-- by modern I mean pretty much everything made since the 1970 or so--- road bicycle to track use. While there were some frames made in the 1960s into the early 1970s with high enough bottom brackets most of these also had longer wheelbases and were designed for wider tires and fenders--- not terribly worlds apart from what are called Audax frames these days. Even if one could "convert" a road bike to pass checks and is allowed to take it onto a track it will handle poorly.
A track bike is, of course, ABSOLUTELY no replacement for a road bike. I'd hope that this is clear to everyone. That's why the majority of the "fix gear" thingees sold are nothing other than, in their essence, road frames without braze-ons.
One word 8 syallbles:
ENO eccentric.