Yes. But, how you connect your VCR to your TV and select the channel to record is different when you use an adapter.
To connect your service so you can record, you’ll first need to connect the coaxial cable from the wall to input on the digital adapter. Next, connect the output from the digital adapter to the input on the VCR with another coaxial cable. Finally, connect the VCR to your TV (via a coaxial cable, component/RCA cables, S-Video cable, etc.).
This set-up lets you record the programming you want to watch. However, you’ll now need to set the channel you’d like to record using your digital adapter – not your VCR.