Yes, the positional systen works as expected:
$$
(FF1919)_{16}
= 15 \cdot 16^5 + 15 \cdot 16^4 + 1 \cdot 16^3 + 9 \cdot 16^2 + 1 \cdot 16^1 + 9 \cdot 16^0 \\
$$
Then we have
$$
16^k = (2^4)^k = 2^{4k}
$$
so
\begin{align}
(FF1919)_{16}
&=
(1111)_2 \cdot 2^{4\cdot 5} +
(1111)_2 \cdot 2^{4\cdot 4} +
(0001)_2 \cdot 2^{4\cdot 3} +
(1001)_2 \cdot 2^{4\cdot 2} + \\
& \quad \,
(0001)_2 \cdot 2^{4\cdot 1} +
(1001)_2 \cdot 2^{4\cdot 0} \\
&=
1\cdot 2^{23} +
1\cdot 2^{22} +
1\cdot 2^{21} +
1\cdot 2^{20} +
1\cdot 2^{19} +
\dotsb \\
& \quad \,
1\cdot 2^{3} +
0\cdot 2^{2} +
0\cdot 2^{1} +
1\cdot 2^{0} \\
&=
(1111 \, 1111 \, 0001 \, 1001 \, 0001 \, 1001)_2
\end{align}