Yes this does appear to be the case.

    {
    version
        {
        number 4.01
        }
    actor chest:1
        {
        channels
            {
            targetGeom XXXX
                {
                name XXXX
                initValue 0
                hidden 0
                forceLimits 1
                min -10000
                max 10000
                trackingScale 0.02
                keys
                    {
                    static  0
                    k  0  0
                    }
                interpStyleLocked 0
                indexes 0
                numbDeltas 0
                deltas
                    {
                    //placeholder
                    }
                blendType 0
                }
            }
        }
    }