Can the Nernst equation always be applied to the overall redox reaction as opposed to only half cell reactions?
For example, in the following silver-silver chloride electrode: $$\ce{Ag (s)|AgCl (s)|Cl- (aq)}$$ rather than applying the Nernst eqution to the half cell reaction $$\ce{AgCl + e- -> Ag + Cl-}$$ can I apply it to $$\ce{AgCl -> Ag+ + Cl-}$$
The answer is the same for the question I was trying to solve (whether I use the overall reaction or the half-cell reaction), but I was wondering if this was just a coincidence or if it was the same.
If they are the same, are there any other factors I should consider such as whether or not the electrolyte fully dissociates in the given conditions?