Absolutely. Some of our most iconic photos are technically very flawed. But what remains a simple truth is that a raw file is a better starting point for editing, and the more extreme the editing, the greater the advantage. What "depends" is the significance of that fact. For some people the potential advantage is of no significance and for some the advantage is trivial. And let's not forget that there are those who are incapable of appreciating the advantages. However, whether the advantages are insignificant for some or unappreciated by some, that doesn't stop them from being real.