Yes. However, it still takes speed and pressure to get the proper cutting form a ceramic belt.
I have had people contact me about not getting good stock removal with a ceramic belt, but doing fine with a cheap AO belt or a CZ belt. After a few questions it is almost always a small, often home built, grinder with a 1HP motor and running at a slower speed. Some have asked if a spray system will help. I tell them that a spray system is always helpful, but to stick with CZ until they can get/make a grinder that will run fast and has the power to take more pressure without stalling.
Many new makers ask about the adage, "Use belts like the are free and change to a fresh belt whenever the grinding slows down." That rule is pretty good, but with a ceramic belt that is being used right, a quick refresh with a dressing bar will make it a new belt. This can be done many times before the cubic/structured grains are worn off the belt.