Correct. When I started bowling 50 years ago, we were taught to "hit up" on the ball. We were also taught to keep our spine angles more upright than what you commonly see today. We were also more on the side of the ball, especially at release. By keeping a more upright (spine) angle, we were better able to impart side rotation on the ball. It also tended to keep axis tilt from getting too extreme. If you haven't changed your game from this style, it is still the most effective position in which to release the ball, contrary to what some well intentioned instructors are teaching now. If you are trying to develop the dynamics of the modern (power) release, then more spine tilts (both forward and lateral) are essential.
However, regardless of whether you are an "old school" or contemporary player, both styles will do much better by NOT hitting up on the ball, as JustRico pointed out. I am still old school, but I have a much better release when I concentrate on creating a "flat spot" with my follow-through. Since I am more erect and I am more on the side of the ball, I have to concentrate on using my knees more at release rather than more spine tilt. By releasing the ball lower and flatter to the lane surface,
the ball's energy is not diminished but instead, it is preserved where it is most needed--at the breakpoint.