I suppose if you are using the HP number to baseline your ET it would help isolate other potential chassis or drivetrain issues it would matter but if you are using the dyno/flowbench to track progress the actual number wouln't make a difference as long as it was consistant.
In other words if yourdyno reads 100 hp and after you change jetting it reads 105 it was a positive change... if you jet up a little more and the HP goes to 95 you know to jet back down .
Its only when you are comparing data to other dynos/flowbenches that things get things up. Or communicating data to others such as in this case .