Currently not, it's being ignored. Because conceptually it only gets information from the XData model itself, and entity set permissions are part of a specific TXDataModule.
But we are considering reviewing this, maybe we indeed change the concept and make the OpenAPI specification to be based on the XDataModule settings.
Improved: Swagger documents now take entity set permissions into account, omitting Aurelius CRUD endpoints which are not available due to the entity set permissions configuration.