Nopes it doesn’t.
Renoise 2.0 - New Features Faqs (DeJa-Vu 2)
Also note that commands that are applied right to the note columns will not be affected by the delays, so ```
Note, Instr, Vol, Pan, Delay, FX
C-4 01 … … 40 0110 → will only pitch the C-4 by a “fraction” of 0110 - will NOT delay the 0110 (pitch up) command!