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I wrote in another comment but basically yes. Also they can focus on other cases that require physical presence. No need to patrol the entire subway, put 100 police officers to just patrol, every station when you can have 2-3 guys watch the cameras and just 2-3 patrols ready for intervention.
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Faster to solve, but by not patrolling haven't they given up on detterence?
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Surely the deterrent is the possibility of being caught?

If you're more likely to be caught due to the surveillance, logic would dictate that it's the greater deterrent.

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My brother had his window smashed and bag stolen under a cctv camera in London. The police never even investigated.

I would hazard to say that wouldn't have happened had a police officer been stood there instead.

Some major shops in the UK have photographs of police officers on the door, because it reduces theft!

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I think this says more about dwindling police budgets than about the efficacy of surveillance or bobbies on the beat.
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