well seens as Squier Tele's have the exact same dimensons as the Fenders that they are based on, then yeah
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kk cool but if instal the b5 kit will i have to do any adjusments to the neck

nope, none at all.
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Well, you'll probably have to shim the neck a bit. But don't worry, it'll probably come with a shim or you can make your own. Otherwise your action would be rediculously high.

And what are you expecting from the bigsby?