Correct. But I've found that the clamp with the post works better for alignment and tensioning on face frames than the one with two paddles. Maybe that's just me. It seems like the post version draws the two pieces together more tightly, and since the post fits in the pocket hole, I don't have to worry about marring a surface with overclamping. And, if the part's finished before assembly, the paddle clamp may mess that up, too.
I'm not sure I realized that the blocks are removable (though it makes perfect sense and I've had mine apart for adjustments many times ) since I've always had the separate rocket jig.