No.
Basically, what it does is this:
Assume you have a scope with 60 minutes total elevation. "30" is the dead-smack middle.
Assume the barrel, receiver, rings, and scope are all "perfect" and the rifle zeros at 100 yards at 30 minutes up from the bottom.
If you are using the elevation knobs (e.g. M1 knobs) to dial eleveation, then you have 30 more minutes "up" you can use before you hit the mechanical limit of the adjustment. For 75gr Hornady fired at 2670fps (actual velocity from my 20" 3Gun rifle), you can shoot about 825 yards with about 30 minutes of elevation added.
(850 yards requires 31.5 minutes)
With the same scope in a mount that adds 20 MOA of incline, the scope is now pointing "down" more relative to the bore. So assuming everything is still "perfect", you'll zero at about 10 minutes up from the bottom. This leaves you a full 50 minutes to use for elevation adjustments in the field, which will extend the dial-able range out to around 1100 yards.
You never want more incline than a little less than half the total elevation adjustment in your scope. In other words, if your scope has 60 minutes, and you use a 40 minute base, there's no way you'll be able get a 100 yard zero (unless your barrel/receiver alignment is f'd).
Hope this helps.
-z