Yessir. A recurring theme in both Testaments is "the remnant" of those who claim the Lord and are counted (by us fallible, temporal beings) among those in the Church, who in fact have only the appearance of election. Yet only the remnant is truly regenerate. Their perseverance is simply evidence of that regeneration.

FV undoes the Reformation (and repudiates the Remnant theme throughout the scriptures) by removing that distinction. It's very much like a call back to Rome in that respect.