No, the user has to copy the main directory first, containing the database file. After changing to the new directory, the database is closed first and init will open the database file from the new location. This is written in the information text of this setting.

We have to do closeDb and init, because otherwise the database file at the old location is used until restart of c:geo. After restarting, the database file at the old location will be used and the changes to the "old" database will not be available, confusing the user. BTW: The same is done when moving database file in DataStore.moveDatabase.