Yes, it is that simple, but like you say, EGR was a stop-gap method of lowering NoX at the time PM goals werent as strict, and many manufacturers hung on to emission technology revolving around EGR for quite long, because thats what they knew, and emission stages followed up too quick to start over new.
And if your DPF is such a restriction that it reduces thermal efficiency... i dont know what DPFs youve been around lately, but we never found a difference between the aftermarket DPFs we installed, and the mufflers we mounted as an OEM...
But there is a tradeoff between NoX and PM, because hot combustion produces NoX, cooler combustion produces PM. EGR was just a poor compromise between the two to lower peak combustion temperature without lowering peak combustion pressure, although it meant that manufacturers that went without SCR, needed extreme amounts of EGR to meet NoX emissions, which caused a lot of soot which soot filters were unable to cope with, resulting in both poorer combustion efficiency, and more fuel needed in the DPF for active regeneration.
Once manufacturers adopted SCR and let SCR deal with NoX outside the cylinder, they started tuning the combustion again for optimal efficiency and minimal soot, which tremendously lowered the workload of the DPF, thereby minimising the need for active regeneration, thus increasing fuel efficiency both inside and outside the cylinder.
SCR opened the way for way leaner and more reliable engine tuning, however some manufacturers are adding it as an afterthought to tackle the last hurdles of emission stages, while relying on their EGR based experience, not rewriting the full engine mapping towards the possibilities of SCR based emission technology like, for instance, FPT/Iveco, AgcoPower, Traton (Scania/MAN and soon Navistar)