The given ellipse is $-$
$x^2 +16y^2 = 4$
I know the standard method of changing the equation of ellipse in parametric form. Instead of complicated calculation, can we simply put $x= 2 \cos \theta , y= \frac{1}{2} \sin \theta $ to satisfy the equation. Does this still represent the same ellipse? How do I know if my parametric equation is representing the same ellipse as given ,without using graph?
In terms of 'intuition' - generally the only thing you need to be careful of this technique is that you may not obtain the whole ellipse. But upon checking the domain of $\theta$. This particular parameterisation that you have used is okay!
A choice of parameterisation is generally from the knowledge that it will satisfy the cartesian equation and that it is sufficiently variable.
For example if I wanted to find a parameterisation for the parabola $x^2=4ay$ I could simply say
$$x=2t^2 \ y=\frac{t^4}{a}$$
Indeed, it satisfies the equation - however this would not 'capture' the parabola for $x<0$. We need to be aware of such things when we choose a parameterisation.