Yes, I edited the file css/owl.carousel.min.css and replaced what was there:
.owl-carousel.owl-drag .owl-item{
-ms-touch-action:         none;
touch-action:                none;
-webkit-user-select:     none;
-moz-user-select:        none;
-ms-user-select:          none;
user-select:                none;
}
with:
.owl-carousel.owl-drag .owl-item{
-ms-touch-action:         initial;
touch-action:                initial;
-webkit-user-select:      auto;
-moz-user-select:         auto;
-ms-user-select:          auto;
user-select:              auto;
}
This change does appear to work properly on the iPhone SE that I have. I will test it on several more browsers and phones and verify that it is working across the board.