Obviously there a little bit of “range mentality” which may not translate to the course like usual (hitting on the range, care free, hit it great but can’t do it on the course), but yes it will translate.
Just be sure to understand how the monitor works/is set up. Trackman can give you “Actual” results for what the ball really did when you hit it (i.e. like you were on the course with the shot). It can also give you “condition neutral” results whereby it assumes you hit the shot with no wind on a (guessing) 65 degree day. If it’s the summer and you go out and play on a 90 degree day, you’re going to hit it farther than the condition neutral.
Example - I don’t get on a monitor often but did this year. I had it condition neutral and was hitting pitching wedge 135. Went on the course two days later when it’s 90*+ and I made a decent swing with PW that went closer to 145 (some was wind, some was temp).
I think the condition neutral numbers are helpful for most players. When you see the pro’s on the range each week with theirs, they are really looking at actual results to get information on how the ball is flying (altitude impact, etc).
Bottom line - it’s helpful. You just need to understand what the monitor is telling you and apply it as needed to your on course play.