Need replacement for PFR 854 diode

Thats fine. Higher voltage grades can almost always be substituted. They are just as fast. Higher voltage versions usually run a bit higher forward voltage drop. It all depends on how they are binned at final test, and where statistically the batch they started with falls.
 
Higher voltage types aren't "just as fast" there is a process transition that happens at around 400V that bumps the recovery time up to 75 ns from 50 ns for the UF54xx series. The information is there in the data sheet. Higher voltage types are built with a higher resistivity silicon starting material that affects both the forward voltage and the reverse recovery time. It's all about voltage grading across the reverse-biased diode junction.
 
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