Yes.
But that is an even more buggy choice. For example, Apple's H.264 codec was not written with large numbers of threads
in mind and will fail if the number of threads exceeds 24 (which is not an uncommon number of threads these days with multiple CPU cores and hyperthreading).
From: After
Effects Mail List [mailto:AE-List@media-motion.tv]
Question, is it still possible to export To QuickTime H.264 from inside AE CC 2014?