yes it is acceptable for neet but you will have to score according the cutoff eligible for the neet entance exam. The  marks Eligiblity for Neet entrance exam is Gen:- 50%, OBC/ST/SC:- 40%, GEN PH:- 45%,OBC/ST/SC PH:- 40%.

Yes ... You will be eligible for counseling if you make it through NEET.

But there are two things that need to be made sure of:

1. Make sure even with compartmental marks you fulfill the minimum marks requirement i.e. 60%.

2.You must get the results before the documents are verified after the counseling process