Pretty much, yes. However, I'd prefer a "soft" replacement, when displaying the forum posts, rather than permanently altering the forum database. There's plenty of room for making non-obvious mistakes (that could be noticed months after the change).
You can find several examples by typing "bitbucket.org" in the forum search box, though for a complete list, one may need admin access. Or, after fixing the most common classes of links, the search box will reveal the remaining ones. Writing down the search/replace patterns would be a significant time saver. Caveat: it's not as simple as replacing "bitbucket.org" with "heptapod.net".
Though, the problem I've been trying to delegate to the other members of the community, is the one about migrating the commit IDs. Search string: "bitbucket.org/hudson/magic-lantern/commits", but there are also links from other repositories, that should be handled somehow. Heptapod only hosts the main repo, without the forks, but I've saved an archive of all of the forks before they got deleted - link earlier in this thread. Forks were also archived by softwareheritage.org (
helped by the team behind Heptapod), as mentioned
here, so linking to them could be an option as well. Again, last time I've checked, the commit IDs didn't match.