Yes. If your UEFI doesn't have a good enough interface for selecting entries or temporarily modifying a kernel bootline, you can still use a bootloader, but a minimal one like systemd-boot instead of GRUB. All it does is show the text menu and then execute the UEFI binary for that entry, which in this case is the kernel's UKI binary, so all the heavy-lifting of LUKS, filesystem drivers, password entry, etc is done by the kernel and there's no complexity or duplication in the bootloader.
