What you asked originally is if you can convert from a traditional IRA to a Roth IRA by the December 31st deadline and then do anything to reverse that, and the answer is no.
But if you are instead wanting to take a distribution from your traditional IRA, then decide if you want to put it back or put it into a Roth IRA, you can do that, as long as it's within 60 days, as you mentioned. Just remember that the option to put the money back into a traditional IRA can only be done once in any 12-month period across all your IRAs. This limit doesn't apply if you decide to complete the conversion into the Roth IRA.
I hope this clarification helps!
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