Yes and no...
There are two things to consider:
Declination: this is the magnetic variation that changes over time (+10 deg in the Channel in the 1940s)
Deviation: this is the error induced in a compass by local magnetic fields (metallic masses, bombs, guns, etc.). It is different for each aircraft, and also depends on the heading.
If your geographical heading is HDG, then you have to add the declination, and add/substract the deviation (which will vary depending on the aircraft and the direction). Plus/minus wind drift of course…
This was discussed here for the Wellington:
https://theairtacticalassaultgroup.c...ad.php?t=34828
Below you will find the correction chart I had prepared some time ago for the German bombers.
You will notice two entries: REP and MAG. German planes have one magnetic compass and one repeater.
The deviation values can be different on one or the other (because they are placed differently and therefore are affected differently by the metallic masses of the plane?).
So depending on which instrument you are using, you should correct according to the REP or the MAG line.
Compass Correction Charts - German Bombers.pdf
Enjoy
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