No. The model in your photo is not the Phase II model but the TMP model as initially constructed, before Trumbull came on to the film and requested additional detailing.
For example, here's a page at Andrew Probert's site that shows specifically how the torpedo tube in your photo was transformed by further detailing into what we saw in the movie:
The Mike Minor painting that reflects the TMP changes was done later, after the changes had been made to the TMP model (not the Phase II model). He also included some red striping on the saucer which may have been intended but was never actually applied to the model.