yes- it takes alot more fabric than a pieced top- the first time i tried paper piecing i was so distressed over how much fabric i was cutting off and throwing away- i swore i would never paper piece again! that didn't last long- as i went along i learned ways to not waste so much- and i also stopped throwing it in the waste basket = i saved those pieces- and figured out ways to use them.
now i paper or foundation piece all the time- still takes alot of fabric= but i don't waste it.