technically, yes... in a way.
the blenny will eat the poo, and break it down farther, pooing out less than what it took in. THEN the smaller detrivores come in, such as snails, hermits, bristleworms, things like that. what THEY poo out is decomposed by amphipods, copepods... what THEY poo out goes to bacteria, and what THEY poo out eventually turns into nitrate. THATS why ya need to do water changes.