Yes, no, it depends!
If you're OCD like me, and use a Microfiber Cutting Pad with the the FCC, then "my eyes" will tell micro-marring and will drive me insane!!! If I'm working with the BOSS White Pad, or BOSS Orange pad, you should be fine. For pretty bad swirls & scratches, I like to use the white pad (GG's most aggressive foam pad) because it finishes off very nicely. It cuts faster than orange, not as fast as Microfiber, but it finishes down really nice.
The "it depends" part is really on the paint itself. You're only true way of telling is to perform the all famous TEST SPOT!
How To Do a Test Spot