Hi,George,
Of course, the ADC converter of K60 can sample analog channel with 16 bits resolution, but it can not reach up to 1MSPS, the maximum conversion rate is 818.33KHz if the resolution is less than 13 bits, the maximum conversion rate is 461KHz if the resolution is 16 bits, note that the ADC resolution of Kinetis K family is programmable. For detailed inf, pls refer to section 6.6.1.1 16-bit ADC operating conditions in data sheet of K60.
If you want to get 1MHz conversion rate, I suggest you use KV4x family, the ADC is cyclic ADC, the rated resolution is 12 bits rather than 16 bits, but the conversion rate can reach 1MHz or greater. In the case, I suggest you use eDMA to transfer data from ADC sample register to internal SRAM. The KV4 family also has 12 bits DAC converter.
This is KV4 family website:
http://tinyurl.com/l25y2c3
BR
XiangJun Rong