If he's fit that is, with his big experience i would put him on the bench, plus he scored against City in his first season with us in the 09/10 season.
In that case No. You have about 5 better options. Yeah he has experience, unfortunately experience isn't worth a lot when you're ****e.
If he is ready and fully fit then why not, Owen is still a great player in front of goal, if he gets a chance most likely he will score. He's experience enough, he'll know how to pull away defender's, remember that game before he got injured, for Valencia's goal, he pulled away two defender's which led to Valencia goal? he can be useful