Nominally true.
The terramite is a pretty forgiving hydraulic system. Unless there's a particular reason, a full oil change is rarely necessary.
I'm not sure what capacities of the tank v balance of system is... but if you drain it and refill, run it and do all the cylinder motions a couple of times then drain and refill it you'll accomplish most of what an external filter setup can do. And yes 'waste' a bunch of oil. Kinda.
If you are trying to solve a particular problem, like lots of water in the system, do it this way and let the oil cool In Between, change filters... And of course find where the water is coming from. The cooling let's the water come out of suspension to the extent that it will...
When water gets in other wise good oil I use a suction filter cart setup with water separating filters. They're too low flow for general use but clean up reusable oil. Gets the water out, I fix the water problem and move on...