Yes and no, it’s just that you then just use volume and tone only, rather than a hidden amplifier (the active option) which changes the sound to be “more hifi”and modern. Think of it as the difference between hearing vinyl and cd recordings of the same song. Your desired era is very much low-fi both in amplification and recording.
Bill wyman just had a passive bass with a fairly Wooly thuddy tone and flat wound strings and you won’t get that sound in the sire’s active mode. roll down the tone a bit to remove higher tones and you’ll be closer. Fewer knobs to fiddle with too
Play around but bear in mind you’ll only ever get close. There are too many other variables to consider to get it exact and some people spend £££s trying to get the exact sound they hear in their head. I don’t know of anyone who’s got exactly what they wanted.
A degree of the tone you hear comes from the individual way a musician plays, the way their fingers touch the strings (both hands), the pressure they use etc. Example : Bernard Edwards in chic used his fingernails to “Chuck” at the string whilst also using his fingertip pads.