Yes. This is contained in Section 1.36 of thisthis paper by Barthel, May, and Riehl. Proposition 1.14 proves that h-cofibrations are the same as degreewise split monomorphismsChristensen and h-fibrations are the same as degreewise split epimorphismsHovey. The introduction defines the notation $M_R$ forIn the category of unbounded chain complexes ofbounded case, $R$-modulesany projective class gives rise to a model structure. RemarkIn Section 1.16 discusses4 they introduce a projective class whose weak equivalences are the idea that there should bechain homotopy equivalences. They don't discuss having two such model structures, but they happen to coincide. This paper says the model structure is originally due to Christensen and Hovey, Cole, and Schwanzl and Vogt, all around the same timeusing this you could check your "wild guess" by hand.