Yes and no. The ONLY way to do it by ‘just using Rhino’ is to RMB-rotate the camera. That is the only action that I know of that actually can make the camera and target be on different levels in 2PP mode. (Actaully SOMETIMES dragging the taret with CameraPointsOn works, but very finnicky).
This is not workable at all so I was desperately looking for any way to control that more precisely. If the scripting methods worked properly this could be a workaround before the main behavior gets fixed. See more here: