Sometimes, potentially, but not always reliably.
The crosscom camera is on the character's helmet; thus, it has a different perspective than the player's eyes. Basically, it's not quite the same view, so in certain situations, what looked like a glitch or a wallhack could just be the difference in perspective between what the player saw and what the CC displayed to others watching.
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If that was the case.. when you die or when going into spectator mode couldnt the camera of the person your watching be auto adjusted to center screen?