They do, feels good when you have a perfect shot and your teamate block it with their head
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I gave it a little test yesterday as I got another bow rolled the same but with moving target instead of rangefinder and it clearly prevents damage fall off over a large distance (from the top of the crashed spaceship to where the Minotaur spawns in at artefacts edge) however that’s really a irrelevant distance so I will got back and see if I can find the spot where fall off starts to occur Also I am going to try and see what the difference on velocity is, I do find the rangefinder bow gives me a bit more joy in the crucible than the moving target so I get the feeling it is better