Yes and no. It is not accurate enough to let you run the tank down to the last oz based on the mileage it shows to begin with. If it comes on and says you have 35 miles left, you probably do. But it will not count down evenly. When it says you have 10 miles left, it will say 5 left withing the next mile or so. As you approach the lower end, it will basically drop off a cliff. I turned mine to that display and ran it out, just to see how accurate the gauge was. I got 268 miles for the tank and the range indicated seemed to count down correctly at first. But the lower the range got, the more squirmy it got. And the last 5 miles of indicated range were not accurate at all. The scooter went farther than what was indicated, but the indication counted down way fast at the end.
On trips I tend to use the butt gauge for fuel. About three hours and my butt says it's time to get fuel.
You really do need to check what the range really is if you intend to push the limits. I had an 11 Fatboy that was bone dry just as the gauge neared empty.