Yes, using BOFC all the properties of profiles/permission sets are cloned like:

1. – Object Permissions
2. – Application Settings
3. – Record Type Settings
4. – Field Permissions
5. – Tab Settings
6. – Page-Layout Assignments
7. – System Permissions
8. – Administrative & User Permissions
9. – Apex Classes Permissions
10. – Visualforce Pages Permissions
11. – Field Level Security (Field Permissions)
12. – Enabled Custom Settings Definition Access
13. – Enabled Custom Metadata Type Access
14. – Enabled Custom Permissions
15. – Enabled Flow Access
16. – Login IP Ranges
17. – Login Hours and many more.

Output: All the properties are cloned for single (or multiple) profiles/permission sets from any external SF org or current org