Hi thutchis,
Probably yes. There is some discussion in another recent thread (https://forum.infiniteautomation.com/topic/3180/temporal-observational-data-on-collected-data) about other options (and a script to automatically create observation points of a sort), but if you use alphanumeric virtual points (that other thread uses alphanumeric script points) you will have the same sets of tools (reports, script contexts) as the other data points you're working with.