From my own testing I would say generally no. It is highly dependent on the nature of the image in question; occasionally it can be noticeably better than JPG, and sometimes even a little worse. But for most wildlife style images rarely worthwhile I found. iNaturalist have done some of their own testing on this – see end of tiwane’s post here:
https://forum.inaturalist.org/t/increase-max-image-size-from-2048-x-2048-pixels/13627/26
Though at the same time, I don’t know if there’s any good reason not to support it?