No. Even if it protects against electrical arcs between phase and earth, an arc fault detection device can not provide the same protection as a residual current device.
However you can use all in one iCV40H RCBO which serves as:
- Fire protection/safety (built-in arc fault detection device, AFDD)
- Earth leakage protection (built-in RCBO)
- Overload protection & Short-circuit protection (built-in miniature circuit breaker)
- Overvoltage protection (built-in MSU)