Yes. If there is any is oil in there, and you say there is, then the only bearing that might not be getting enough is the top one.
I found it very hard to be sure I had the right amount of oil in there so I just added it incrementally so that when I put the spindle in the level rose to, or just above, the top bearing. It was then easy to see because when I took the platter off there was a little left on the top of the bearing.
You have to be very careful to add only a little bit between each level test (putting the spindle in) since if you put in too much it will overflow out onto the plinth.
Actually, thinking about it now, I should have just used the blunt end of a drill bit in place of the spindle to test for oil level. I doubt the fact that one is pointed and one isn’t would have made a significant difference if you chose a drill bit of the same diameter as the spindle.
I would imagine that those bearings are relatively easily replaced if you have munted one.
Steve