I could of course be wrong ;-)... but all signs are pointing that way:
Take this post (@player101/buffet-in-seoul-garden) for example. curie voted @ 3.5% and my hive.vote was set at 50% scale and I made a 1.75% vote.

*edit - They won't 100% match, because I have a 95%, I think, VP limit for hive.vote and I use a lot of my VP manually too.