I really doubt this, unless your not bothered with really sacrificing quality. If it's any kind of CAD/line drawing it won't look great rasterised at a low res.
Anyway, not entirely clued up on acrobat, but if you have photoshop you can just import pdf's. It will ask you for a resolution when you open it, I wouldn't want to go under 200dpi really. You can then save as a pdf. If you have a lot to do, create an action and batch it.
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