I believe so. All the Triton divers I know dive it similarly. You can get a steel 2l O2 tank for it which makes it a bit heavier, but there's no on-board diluent solution for it (that I'm aware of). A mate of mine is playing around with a couple of small carbon fibre tanks he's looking to integrate into his sidemount harness for "short" dives instead of regular sidemount tanks.
Clearly a very common Triton configuration. You can get up to a 3L O2 tank. One must remember that the Triton can be used either SM (not my choice yet, as I have no SM experience) or BM.
If you dive it SM, then you'll have your dil on one side and your BO on the other side.
If you dive it BM (like I do) most of the time, you'll have your BO on your back and will use it as well for dil. That was my choice, because while diving air diluant (don't have my Trimix dil cert yet), you can travel light, meaning where ever you go, you just bring your rebreather and get any tank available on your diving location. Save you the cost of buying and maintaining your own tank and the bother of carrying it. A 10L tank is just the perfect solution (I just put 2 regs on it : one in case my buddy needs air (LH), the other as my backup (necklace) if my rebreather goes amok. In fact, it allows me to keep my BM OC rig, I've been using for years, so in case of emergency, no sweat. Tried it twice in real life, just works fine. If I can't get a 10L tank, I use a 12L one, heavier, but then I get some lead out of my backplate, and it does the trick just nicely.
I used to clamp a 2L tank for dil on the BM BO, but I stopped doing it. It wasn't really necessary (at least for the kind of diving I do).