No, System 7 Pro installs version 7.1 of the Scrapbook desk accessory. It installs this version even though version 7.1.2 is found on the QuickTime 1.6.1 disk included with System 7 Pro.
System 7 Pro doesn't install the latest version of the Scrapbook because the Installer script requires that you manually install the Scrapbook file to retain its contents.