Totally! However, even with the proper fonts (that also have to be aspect ratio corrected, the usual VGA text mode did not have square pixels), I struggle to recreate this to the point that it's really recognizable.
CRTs with that text mode (and including scanlines, but not only that) just seem very hard to reproduce on modern displays.
The fact that your photo does evoke the same feeling while I'm seeing it on a modern 5k display shows that it's possible, but the amount of tricks needed might be so much that it becomes whimsical somehow (or at least in contrast to just changing the font)...
CRTs with that text mode (and including scanlines, but not only that) just seem very hard to reproduce on modern displays.
The fact that your photo does evoke the same feeling while I'm seeing it on a modern 5k display shows that it's possible, but the amount of tricks needed might be so much that it becomes whimsical somehow (or at least in contrast to just changing the font)...