Meross 3-Way Switch installation where the first box connects the power source, light, and second switch cables
Yes, you understand how that works.  However.
When neutral is not in a cable, and always-hot is in a cable, white must be always-hot.  (and it must still have marking tape indicating that it is a hot).
So you may reverse the 3-way configuration to take always-hot to the far switch.  But this means you must change (on both switches) which ones are the traveler wires.   White must become always-hot, and black/red become the travelers.