I believe the short answer is yes, to some extent, but without knowing more about how exactly you were catching your recovered alcohol (I’m guessing triple cow?), what temperature you were distilling at, and specifically what each fraction smelled like, it’s hard to really tell you too much more.
While I am certainly no expert in terpene fractioning, I can say that terpenes come in many shapes and sizes. Boiling points can vary wildly, and there is likely some separation you were experiencing. Those separations, however, are likely super muddled and not clean cuts or usable for anything special.
The easiest way I can explain this is by reexamining the (cannabinoid) distillation process. Crude before devolatilization often carries the nose of the flower to some extent. Those good smelling terps are almost exclusively monoterpnes, which are light and have a very low boiling point. These are the first to go.
Heads fraction would be your next set of terps. As you have I’m sure experienced the smell of heads is something less than desirable, and it has a very distinct, sour smell. With no more volitile (good smelling) monoterpnes, all that can be smelled are the heavier terps (mostly sesqi-terpenes and tri-terpenes).
Tails fraction also has a different nose from the feedstock, heads, and hearts which presents itself as another special kind of awful (as only some of those heavier terps have been removed). While heads and tails both smell awful, no matter the feedstock, they do smell distinctly different. If you’ve ever experienced this, which every processor making distillate has, then you have experienced the fractioning of terps (along with other goodies).
I’m fairly certain you were doing the same as described above with your distillation of alcohol, but to what extent and with what purpose it could serve you, I have no idea. Hope this helps answer your question a bit. If you wanted to clean up your terpshine and return to just having alcohol, there’s tricks for that too. AC has been used in cleaning up alcohol distillation for a really long time.