If it is as an addition, yes, an hour plus would be better. You can also use the triathlete's cheat, which is to bike then run. It fools the body into thinking it has run for longer, because the heart, lungs and muscles are still working, but without the impact.
What Dan says is not necessarily true - it will still work you cardivascularly, and importantly it also strengthens the opposite quad muscles to those used in running, so can help to balance out any weakness ther - that is why I initially took up cycling.
One thing to watch is that if you start using cleats and bike shoes is that you don't start turning your knees in, especially whilst running, and a few months after it is worth getting you gait checked to ensure that you haven't started pronating, which is common for runners who take up cycling with cleats.