Yep!
I'll share a personal story on it, too, to put out an example of looks not mattering. My first year in college (christ, that was 4 years ago..), in a fraternity, had huge parties, we went clubbing, etc etc. No balls, no confidence, nothin'. I could pull off ****y, but in the end I was beta to the max. I'm a good looking dude; I'm not going to be modest over it.
What did those looks get me, even with the fraternity status? Pulled one girl from a club, she was a drunk girl looking for a one-nighter, and I looked good - since we went home within 10 minutes of meeting, I had no time to scare her off with my lack of balls.
Fast forward to the frat house. I fixed some food, I made no moves at all. She initiated the first make out. She told me we weren't having sex, she doesn't do that first night out - did I listen? Heck yeah I did! I listened to the drunk horny girl who really just wanted a guy with some balls to take her and screw her hard. I didn't make an attempt, to respect her boundaries.
Oh, and it got me a month long fling with a not-so-pretty girl. I was a good 4 points over her on the looks scale, but at least she wasn't a fatty, I'd rather have the ugly face than the fatty. Not that I'm any more proud of it, but what can you do? I got a couple dates with girls, and none of them talked to me after the first date. I even turned away the ugly girl, she got fed up and went back to an ex-boyfriend (who I'm way above in looks, also), I was way too beta. She regretted it later, but hell if I'm going back to that.
Fast forward again to today and I'm making the quick aggressive moves on the girls, only rarely under 7's and 8's. I'm pushing past their objections. I'm opening girls day and night, everywhere, instead of waiting for the once in a blue moon cute girl approaching me in a club, drunk, wanting to screw, at 2am. My looks work in my favor now; before, it was a useless asset without the balance to follow it.
We live in a gray world, not a black and white world, and every situation is contextual.