Answer
No — unlike Document Management, where a specific 'always resolve to latest revision' (or latest released revision) linking capability was purposely built in, there's no equivalent capability for external links to Engineering Parts. A link to an Engineering Part always has to specify one exact fixed revision number in the URL itself, since this 'resolve to latest automatically' behavior needs to be purpose-built into the specific form, and that particular enhancement wasn't built for the Engineering Part form the way it was for Documents.