How can I increase the timeout on my durable function app?

Question

Hello,

I am currently using a consumption plan for my function app, but I need to process files that may take longer than 1 hour. Will using a durable function app solve this issue? Additionally, if I add the following code to my local settings, will it change anything?

"extensions": {
  "durableTask": {
    "maxTimeout": "03:00:00"
  }
}