Tommy -
Yes, but playing from a tee and playing a second shot on a par 5 both involve golfers hitting the ball a wide range of distances. In theory, if a PN is an effective feature in one context, it should be effective in the other. That doesn't mean a PN affects all golfers equally or that a PN is a good idea for all holes.
As TD suggests, there are good and not so good ways to use a PN.
On the 18th at Yeamans, for example, there are C/L or PN(?) bunkers that add interest to the second shot on a par 5 for a wide range of players.
Bob