Here's how I understand it, the result of being involved in several mistakes along these lines.
Maybe, but more likely no. The more likely no part comes into play in that there is no way to predict how power components will interact with not just the limited current, but the actual RATE OF RISE of the current up until the fuse clears to limit it. This can only be determined via specific series combination testing. So every device in that panel would need to have been tested with that specific fuse.
The maybe part is that if you are a PE, and take the time to evaluate EACH power component in that panel individually as to whether is has a higher SCCR when protected by a specific class and size of CL fuse ahead of it, and when you have all of that info, it turns out you can select a class / size fuse that fits an acceptable profile for each device in the panel individually, then you can certify that the fuse you select can be used with that panel. If you are a PE and are willing to undertake this exercise for free, bless you. But if you are the end user and want to have this done for you by a PE (the only alternative method accepted by code), then the risk is that you will pay for the PE's time regardless of the outcome, where the result may very well be that it will NOT work! So then your only alternative is to install a transformer or Current Limiting Reactor to lower the available fault current to 5kA at the control panel terminals.
So word to the wise for anyone reading this, do NOT allow your control panels to be purchased WITHOUT STATING that the panel have an SCCR commensurate with your available fault current where it is intended to be used. Panel builders bidding on projects will often take the cheapest way out of fulfilling this SCCR labeling requirement by using the "courtesy" 5kA SCCR label that can be applied without testing, unless YOU specify as stated above. That's because you often CAN get a suitable SCCR by using tested listed combinations, but that then limits what components you can use in a panel and generally means all of the power devices will need to come from the same mfr, as opposed to shopping them all against each other to get the lowest cost on individual parts.
"You measure the size of the accomplishment by the obstacles you had to overcome to reach your goals" -- Booker T. Washington