No, that's not the same thing at all. "Unread content" lists posts with previews which takes up a huge amount of room, and also lists all unread posts, not just the ones made since my last visit. As such there's pages and pages of it. I much prefer my custom stream - just need a way to get to it that doesn't involve navigating a menu or setting a bookmark.
Yes, I can configure that as well, just didn't have time yet