Yes. The same docker commands, including docker-compose, all still work.
It just sets a new "docker context" that points to OrbStack's socket file instead. You can instantly switch back to Docker Desktop with a simple `docker context use desktop-linux` command. So it's nearly zero cost to just try it out.
$ docker context ls
NAME DESCRIPTION DOCKER ENDPOINT
default Current DOCKER_HOST based configuration unix:///var/run/docker.sock
orbstack * OrbStack unix:///Users/mdeeks/.orbstack/run/docker.sock
OrbStack had the most noticeable difference for our users who were still on Intel Macbooks. It made mine stop spinning up fans randomly.