Yes, until he repeatedly does it. At the end of the day, it's your (OCs) job on the line if QB fails. Not his. It's okay
to step in and override, then talk about it afterwards and teach principles.
If the fade against Kansas was the first time Jake had audibled into or made a really poor decision, that would be fine. But have you forgotten the 99 yard pick 6 against Oklahoma last year? Sometimes when you're in charge, you simply can't delegate what has to happen.
You can reign someone in a little bit and help them play smarter without taking away their edge. Teaching someone how to aim doesn't mean you're taking away their ability to shoot. It just means you're narrowing the range within which they shoot and increasing the potential for them to hit the bullseye.
*Edited for pronoun clarity