100%, but the flipside is a scope 3-4" above the bore really helps flatten out the trajectory (vs sightline) in the 30-40 yard range, so that's a bonus, espcially with a .22 (25-35 yards though)
Both are .177, 11.5 FP, shooting JSB.
The red line is the regular rifle, sight 2" above bore. The green line is the bullpup, sight 3.5" above bore.
The KZ is 0.5", so each of the purple lines are + or - 0.25" - i.e. not enough to worry about.
Both rilfes are zeroed so the pellet doesn't rise above the 0.25" mark.
As you can see, the regular rifle has a PBR of 14-36 yards (aim dead on at those ranges, and your pellet will hit within 0.25")
The bullpup however has a PBR of 21-42 yards - much more useful in an open hunting situation, but crap for close range.
*note the numbers may not be 100% accurate, but they are close and they illustrate the
difference....
Horses for courses...