Mostly true. Looking at it in reverse - and using scouting as an example - at 20 million you see the most accurate projections you can. Once you drop below 18, you see inaccuracies, below 16 they're obvious inaccuracies.
Right now I'm running a draft with 10 mil in scouting, I see 300 players and the projections are useless. Only reason I'm in the middle like this is I'm moving back up.