Absolutely. But again, there's no hard and fast rule.
Maybe you've got a pneumatic setup which is designed to just cycle back and forth and mechanically manipulate material to assist with process flow. What does half a second of lag (or, for that matter 3-4 seconds of lag) matter in this case?
But then, maybe you've got a machine that dispenses pallets, with air rams on each side to grip/lift/dispense pallets. Obviously, timing is critical if you need both sides of the pallet gripped at the same time. Here, lag is a big issue.
There are definite advantages to distributing air lines rather than electrical cables (cost, time, hazardous area applications, ease of termination, etc etc), so you can't say that it's universally a bad idea. You have to take a step back and look at the bigger picture. Assess each option on it's merits, taking into account the pros and cons of doing things every which way, and try to pick the option that presents the biggest benefit with the fewest (or least severe) drawbacks.