Yes but it will still stick to whatever PL2 is for your CPU,with the new method it will give a lower TDP CPU the same PL2 as a higher CPU.
"APE unlocks the power limit for Comet Lake processors. For example, the 65W models can run as if they are 125W parts. The firmware opens the power limit to 125W on the corresponding Asus motherboards, expect for the ROG Strix B460-F Gaming, which allows a value up to 210W. This ROG Strix B460-F Gaming probably has the most capable power delivery subsystem out of the lot, which would make Asus less afraid to unlock a higher power value. "