No it doesn't
Quantity of oil is as important as quality. Remember that it serves to provide a barrier between the piston and bore, by way of oil film, the only way that is achievable is by having a decent quantity of oil, the quality determines how quickly it breaks down and how clean it burns.
What is on the cylinder will be scraped off by the rings on the next stroke. Oil does not magically seep into the nikasil and pop back out when the rings have passed it.
Once again, many dyno runs have proven more oil is better, it reduces friction and promotes better ring sealing.
If your bike starts smoking like a pig at 32:1, then you need to look at your jetting. Fact.
I have no loading up issues in the woods and my bike gets its neck wrung at the Motocross track. Barely any ring wear after 2 years riding between 5-10 hours a week. And bugger all smoke when warm.