No, there are numerous accounts online of people losing all their purchases because of violating their terms of service or whatever. Having purchased content won't help.

Here's one from a few days ago: https://www.reddit.com/r/oculus/comments/ouubx1/deleted_face...

Or this from a week ago: https://www.reddit.com/r/oculus/comments/osbbkj/i_lost_my_en...