I believe that to be true. Just watch for a groove at the old shoulder radius, if the existing chamber is large, it may not completely cleanup and leave a line at best and extract hard at worst. The only option then is to set the barrel back a turn.
My only similar experience was with my Remington XP100. It was built as a shortened version of the .222 when I bought it - the .221 Fireball. That lasted about week and I zipped it out to .223 Remington. It has fired mostly military stuff since and the accuracy is inspiring, 5 shots in a coffee cup at 200yards.
The only drawback is that the muzzle blast is INCREDIBLE (but fun). Everyone has a good first shot, the weak at heart have a little more trouble with the second.
nitewatchman