Hiya,
The answer is yes, It is extremely similar. Also there is an ADF needle on the actuall HSI so it maked tracking very easy as you can put the CDI on the required TRK.
http://www.airliners.net/open.file/711494/L/
This link shows a 732 very similar. You have 2 course selectors on the mcp, one for both sides, 1 hdg sel which moves both bugs, and the speed window which moves the orange bug on the ASI. Also you use the mcp alt window so you get alt alert +- 1000ft.
Hope that helps
RJELLISUK