No.
This is my point - the two processes are separate, and even then aren't as flexible. I'm familiar with both processes.
I have 300 images at various aspect ratios and dimensions.
I want 300 images at 700 x 500. I want to grab the interesting part of the photo. This isn't always in the centre, top left or whatever. It might be a small part, it might take up the whole width. This is why the 'magic' link won't help me either. The part I want to crop to might not have the dimensions 700x500.
The nearest I can get is to crop with a fixed aspect ratio and then resize.
In PS I must drag once with the mouse and hit enter. That is all. This will crop to the interesting portion in the right aspect ratio and resize all at once. Remember I will have do this lots and lots and lots of times.
This is why it is bomb.
Thank you all for your replies, by the way.