Yes. The return loop eye is stronger and doesn't have an edge the leader tippet can catch on, both of which the tapered ring eye and non-tapered ring eye (whether up, down, or straight) have. The return loop eye also allows there to be a small bit of the shank exposed before the eye to facilitate tying a Double Turle or Improved Turle Knot which provides for a straight line of pull from tippet to hook shank (something knots tied onto the front of the hook do not do unless it is a straight eye).
If you leave a bit of the shank on a tapered ring eye exposed between the head and eye, you will definitely have the leader tippet contact the sharp edge of the tapered ring eye and fray to tippet to some degree which would greatly increase the possibility of breaking a fish off at the hook.
Thank you, FT. That makes perfect sense. Now I have a great trivia question to use to win a free beer!
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