Yes I think so . I was reading about the back to back use of electrolytic caps , and this is some of what I found........." The two capacitors rectify the applied voltage and act as if they had been bypassed by diodes.
I think the following describes how the system works.
As I described above, once one capacitor is fully charged at one extreme of the AC waveform and the other fully discharged then the system will operate correctly, with charge being passed into the outside "plate" of one cap, across from inside plate of that cap to the other cap and "out the other end". ie a body of charge transfers to and from between the two capacitors and allows net charge flow to and from through the dual cap. No problem so far.
A correctly biased capacitor has very low leakage.
A reverse biased capacitor has higher leakage and possibly much higher.
At startup one cap is reverse biased on each half cycle and leakage current flows.
The charge flow is such as to drive the capacitors towards the properly balanced condition.
This is the "diode action" referred to - not formal rectification per say but leakage under incorrect operating bias.
After a number of cycles balance will be achieved. The "leakier" the cap is in the reverse direction the quicker balance will be achieved.
Any imperfections or inequalities will be compensated for by this self adjusting mechanism. Very neat."