Of course it does, it does a lot. It is an intrinsic quality of the knife. Kamis 150 years ago were able to harden an edge not only on the sweet spot, but on the whole length without warping a blade, so now that we have metal of known origin and quality one would expect a few centimeters which is how long the sweet spot is, to be properly hardened.
A softer blade made to cut "zombies" is just fine; not so, with one made to cut wood.
Again, soft metal means more sharpening of a little portion of hardened edge (depth-wise). If you have 20 kukris that you cut every now and then some green pine, I guess it doesn't matter, but that is not how these knives are marketed as. So I am not sure about a few lifetimes of service out of any kukri? I've never seen a justification for this often made claim.
Add to this the fact that as far as I understand knives are not tested for hardness (or at least not all) and there is quite a risk in acquiring a traditionally-made knife, performance-wise. Somene that knows how to "read" a file mark or with a piece of hard wood I bet would make a difference.