That depends.  The problem with the root partition (or whichever has the kernel)
lying beyond the 1024th cylinder was a bios issue, not a lilo or linux issue. 
If the system is fairly recent it shouldn't have a problem with it (IIRC).

> My kernel lies beyond the 1024th cylinder. What do I do to be able to
> boot to it? Any ideas?

-- 
"Intel giveth and Microsoft Taketh Away" - Gordon Moore