If it's running for-real Windows, probably yes. But you may or may not like it, depending on the hardware.
A Raspberry Pi can run OBS, for example,
following this thread, and I did that on a Pi 4 with the idea of just recording a single USB capture card. OBS ran fine on the Pi: it was responsive, I got a clear smooth picture, and everything seemed good...until I actually tried to record.
Turns out the Pi just can't encode live video. At all. Rendering was fine, like for the Preview window, and I would imagine that a full-screen projector would be okay too; but not encoding, like for recording or streaming.
You may have a similar experience on other low-cost, low-spec hardware, like a Chromebook.
