I don't think it would work directly but it might be a good file to digitize into the correct format. From my understanding, you can't just use an image file, regardless of quality, because the machine has to know where to put the stiches.
I can't do a PES file, but I can do a .EPS or a .PLT which are both vectors, and work on my rotary engraver.
If that will work ( .EPS probably will, it's a standard vector) PM me and I can do it when I get to work tomorrow.
I say PM,mbecause I tend to lose threads here and never find my way back! Lol