Yes, but you might present some feature differently internally compared to your users. E.g. "Update libfoo" is a totally fine commit message, as you can just inspect the diff to see the version change, but in the changelog, I'd prefer "Update libfoo to 0.3" because dependency versions are something that's exposed to users of your component. Conversely, you might have a bunch of refactoring commits that each are important as their own unit but your changelog is maybe only interested in a summary.

Personally I don't see much value in these half-automatted changelogs over just giving git history. It also raises the bar for contributions because contributors have to figure out a non standard commit message format.