If playing with top teams, then I would say no as when wanting to play really wide, the tempo and passing is linked with this and needs to be high and the passing would need to be set to direct. If wanting to hazzle, the marking system need to be tweaked etc etc.
With underdogs, the TC-settings are Pretty good playing narrow and on the counter, especially in wingless formations but this is à result Of this approach being favoured in this ME( down to the AI struggling with their "topteam tactics"
But the biggest difference is that apart from the 3FC formations, the untweaked TC-settings offers no options to abuse the ME, something that is easily done when tweaking sliders.