That is definitely the theory. And this flexibility is indeed very precious for some types of work.
However... does it actually happen as you describe? I can count on half of the fingers of one hand the number of Python codebases that I've seen that actually feel like they've properly been reworked into something of industrial quality. All the other codebases I've seen are of the "I guess it works, maybe?" persuasion, quite possibly because there is always something higher priority than quality.