Well, technically it would. Most CPUs won't allow the same maximum turbo speeds if all cores are in play that they will on a single core. So being able to have 3.4Ghz on all cores would be better than whatever the all core turbo speed is by default. This might be something that is changeable in the bios, but you also have to be aware that the voltage scheme used is not intended for an all core clock speed like that so you will likely have to make adjustments to core voltage to compensate, if the bios allows it, much the same as you would if you were overclocking manually to that speed.
However, I agree, of course, and I did overlook the fact that that is a locked SKU and cannot be overclocked except by BCLK, which is not worth doing...