Yes, both for Meraki AutoVPN and for 3d party VPNs setting the dropdown menu to "yes" means those subnets will participate in the VPN networks.
It seems like you're using 3d party VPN. Check this blog by Aaron Willette for more in depth information about it:
https://www.willette.works/merging-meraki-vpns/
I'll quote:
Only subnets local to the MX can be advertised to the remote Non-Meraki VPN peer. The subnets specifically selected as Use VPN, yeson the Security appliance > Site-to-site VPN configuration page will be included as the local interesting traffic in the IPSec exchange.