Yes exactly any type of autogenerated content that's optimized properly works well.
For example: I had a camera review website which was purely translated content Total 20K words.
Without any optimization it was ranking in 11 to 30 for many keywords.
Then I spent some time in keyword research and optimization of all articles.
After that I did some foundation link building Web 2.0, Bookmarks, Profiles, Doc and Video shares.
3 Keywords moved into top 10 and apart from those in top 10 most other keywords moved between 11 to 20.