Well, sort of. Imagine the case where it first scans the repo, then "intelligently" creates architecture files describing the project. The level of intelligence will create a varying quality of summary, with varying need of deep-scans on subsequent sessions. Level of intelligence will also increase comprehension of these architecture files.

Same principle applies when designing plans for complex tasks, etc. Token amount to grasp a concept is what matters.

Tbf, I have not super kept track of what is actually happening inside the "thinking" portion of recent releases. But last time I checked there still was a lot of verbosity and mistakes, that beat the actual amount of required, usable code generation by a wide margin.