In theory. But in practice having a lot of facts memorized not only saves you from having to look things up but actually makes you get more out of the things you do look up! See: https://www.aft.org/sites/default/files/LookItUpSpring2000.p...

Besides that, the original task Anki was designed for was language learning, and you can't have much of a conversation if every sentence requires multiple dictionary lookups.