Resistance and power requirements for a current-limiting resistor
Your 1W resistor exceeds the power requirement so that's perfectly fine. The only time you run into problems is if you use a resistor with a lower power rating. For example if you used a 0.25W rated resistor it may not be able to dissipate enough heat, get too hot and fail.

On the resistance side 470 ohms will cause a little less current to flow than the theoretical value of 460 ohms you've calculated, so other than delivering a little under 25mA that's fine as well. The approximately 0.5mA lower current won't make a visible difference.