Militarily not so much to anybody with a brain
But in morale terms - very much indeed. And interesting side effect - it were the underfed and bored and refusing to be used in a suicide attack German matrossen who revolted and brought down the Kaiserreich.
The big revolt was in Kiel, but had the Hochseeflotte been sunk in Wilhelmshaven, there would had been no fleet to sail to Kiel to begin with ...
Yes,german refusing suicidal attack was so...ungerman.It would be far more cool if they get sunked by combined british-american fleet.
And,if they fought longer on land and lost there,too,there would be no myth od stolen victory who lead to Hitler.