Well, in some case, yes, it will give enough information.
For example, if they're inside of 21 feet, with a lethal weapon, and coming towards you, you draw and shoot. Also, say I decide to just kill someone for no good reason, and draw my gun to shoot them when they're down- surprise, it's on camera. Seems to me that in either of those situations, that's better than no information.
The downside is, that, well, you don't catch what's said before it. You don't know if the cop was trying to bait that guy into attacking him.
Some departments, if I recall from my Technology in CJ class correctly, are looking into a new storage method for squad car cameras- instead of always on, which consumes memory in a hurry, you can use a higher resolution camera (to make it more useful footage) and have it streaming a 1 minute loop, which, the moment anyone in your department flips on their lights, every car in the department saves and continues saving from then on. This gives a three-fold advantage over normal systems: you have way less data to trudge through, you get some lead time before the issue has become prominent, and you get better quality video without worrying about increased space issues.