Yes it is. Of course, you would use Step7 software to configure the T1H-PBC as a slave. The T1H-PBC has a .GSD file that you just put in the proper folder of Step7 and you can then drop and drag that to your Profibus network configuration in Step7. Then double-click on the T1H-PBC icon on your network and then you can add modules to it (e.g. T1H-CTRIO). From there you can map the I/O of the CTRIO (44 bytes IN, 52 bytes OUT) wherever you want in your S7 PLC.
The mapping is shown in CTRIO Workbench.