It does. Bech32 encoding was introduced to let users use the new SegWit outputs that is was a "leap forward in technology".
a leap forward in error checking maybe but just saying that if you use this address type then we won't make you pay as many fees doesn't mean any great technological achievement. it's kind of arbitrary.
thanks for the comment about bip38 but i'm not willing to accept a modification to it that would use any of the flagbyte that they have reserved for future possible uses.