Yes. The overlays haven’t changed at all but the panel is now simply called Overlays. If you don’t see it, you’ll need to install the tools on that machine.
I don't know how much more straight forward this can be. That list has the links for CS6 through CC2015 for Mac and Windows.There is no need to replace the prior tools. The old and new versions can sit side by side.
Did you install the new tools? The new overlays panel is identical to the old folio overlays panel with the exception of the already deprecated panorama.