That is a viable version. But I think this was one of the problems and there were plenty of others. While Chertok does point to the engines as a major problem, he also admits that the whole system became way too complex to succeed.
His description of electrical components (for which IIRC he was the chief engineer) and checkouts is telling. He also describes the feeling of "good envy" as the Russian engineers were listening in on comms between the Earth and the Apollo 13 during its mission. Which drove home the point of how much advantage US had, at least in electronic, and how powerful it was for its successful lunar program.
> It's all a sad story of unchecked emotions leading to monumental waste.
I have a softer view. Both Korolev and Glushko wanted their own leadership, which is normal. Korolev ran his shop in a dictatorial fashion, as that was the only way he could operate efficiently. Which is also fine and can produce spectacular results (and it did early on). But it comes with its own risks, including motivating strong leaders to branch out. I would not call it unchecked emotions that Glushko, after many years at OKB-1 went to run his own projects.
Living in a someone's shadow while under his dictatorial control is not for everyone. I can see the arguments for both sides. My 2c.