Absolutely, the path after the game folder for Evolved is different (WindowsNoEditor instead of Windows), and I just tested that the config change actually makes a difference:
However, if your folder is empty it's most likely reading and writing to a different folder for some reason. It might be under %LOCALAPPDATA%, but unfortunately I have no way of finding the path without having the issue myself. The only "known" path is under the game folder, as also listed here.