That is correct. But I do agree that you could argue that in terms of plot importance and exposure, and fandom, Cassidy was somewhat usurped from her place as the lead during Season Two. There were multiple episodes this year where she felt extremely removed from the rest of the show, and not necessarily in a beneficial way.
I don't think its a coincidence that the season finale, while still featuring Cassidy in yet another (kind of a depressing pattern for any character here) damsel in distress situation, had Felicty as the character directly threatened by Slade, and had Felicity deliver the crucial blow to determine the season's ending. And another disadvantage the actress has to deal with is the kind of hackneyed way they tried to make up for it (Slade's checkmate move after tearing apart the Queen family is to tell Laurel, so that she will....help Ollie? That's it?) The clearest story sign that Laurel was still the lead was her (mostly despised) subplots, which again, were off on their own for most of the season. The female lead is normally a key fixture of the A-plotline, but for season two, she was stuck in the B-plotline.
Hopefully, she can now be integrated into the main cast and main plotline. Because I think the issue with the Season Two formula was that her stories were easily ignored by a vast majority of the audience at best, and seen as detriments to the show at worst. And that's just as a sane watcher; that's not even counting the stupidity of the shipper wars (that's a whole monster I'm not even touching.)