Probably, yes. When the original tile is untouched, the rough-in behind it is almost always the same era. In a 1920s–1940s Corona two-family, that means galvanized supply branch lines, cast-iron DWV, and original fixtures. It doesn't mean immediate failure — cast iron and galvanized can last a long time — but it does mean the system should be evaluated for pressure, flow, and drain performance before any renovation work opens the walls. Finding a cast-iron drain crack during a tile removal is far more manageable than finding one after the new tile is installed.
A pinhole in galvanized supply is a sign that the pipe wall has corroded to failure, which means more pinholes are coming — usually within months in other sections under the same stress. Patching buys a few weeks at most. The right fix is to trace how far that section of galvanized runs and replace it completely. In most Corona two-families, we'll identify the failed section and repipe that run in one visit, rather than making a patch that will need to be redone shortly after.
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