I believe so Cam. but that example cannot be linked to the accident, because while the steam pressure and propeller revs were falling, Titanic was under full left rudder. Those who have conducted hard-over trials have found that the ship's speed drops dramatically during such a turn - even with the engines still running at full. In the case of a 2000 ton ship making 14 knots, her speed fell to 7 knots before she completed a full turn. and the telegraphs were never touched.
You can bet that Titanic slowed even more dramatically due to her hull's forward motion being impeded while the engines were slowing down.