Yes and no. Probably more yes than no. (Yes as in, I got my first choice)
I say this because "first choice" doesn't necessarily mean first choice on your preference card. Many PNMs get cut from a chapter that they considered their first choice before preference.
When I went through, I was enamored with one chapter and they cut me before preference. I did cry, I was upset, but I also got over it pretty quickly. After going to all of my preference parties, I knew I could find my home in any of the chapters that invited me back. I ranked Sigma Kappa first, so yes I did get my first choice and I was psyched to be there on bid day.
ETA
my recruitment story