Of course it does. The difference to using just "plain air" from your local gas station is the lack of water content in pure nitrogen. The water content in "plain air" is more susceptible to temperature changes...if you have a compressor with a water separator to provide dry air..same same...
A simple water separator would not solve the problem. If it would, race car drivers wouldn’t have to underinflate their tires and wait for them to warm up to get full pressure. They would simply put in dry air. It may be possible to get all of the water out of air, but a simple separator won’t do that.