They can perform short-term, very intense work without abundant oxygen. That isn't the whole story, though. ST and FT fibers contain a whole spectrum of aerobic and anaerobic potential. One person's FT fibers may have a greater aerobic capacity than another person's, but within an individual, the ST fibers will usually have a higher aerobic capacity than the FT fibers. The FT fibers, on the other hand, will have a higher anaerobic capacity.
Training can enhance the aerobic or anaerobic capacity of either type of muscle fiber.
So a cyclist who has trained for long races may have a higher aerobic capacity in the FT fibers of his legs than in the ST fibers of his arms. What training can't change is an individual's actual ratio of ST to FT fibers. Heredity determines that. However, within an individual, only small variations appear to exist from one muscle to another. For an event like match sprinting, the answer seems clear.