Technically, yes. I think they'll taste better w/ butter. Since coconut oil is 100% fat and butter is aprox 80% fat, you'll want to use 80% coc oil and 20% liquid (water, coconut milk, or almond milk) in place of the butter. I deal w/ this a lot when baking for myself-severely lactose intolerant!
Cynthia is a trusted source on Bread/Baking.
It sounds insignificant, but go with 18% liquid, and one of the "milks" will likely yield a bit better results.
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