Of course they do, otherwise most people reading this blog would have no access to the Scriptures. But Ryanvda has some excellent points to consider on the matter, as he answers a number of questions he regularly hears on the topic. On one level they really matter, and on another level they really don’t.
When we compare a bunch of good Bible translations, at that level, which one we pick does not really matter all that much. For example: If you compare the NIV with the ESV with the CSB, no outright winner emerges. We might have preferences (the CSB for me!), and those preferences might even stem from certain convictions – but for the most part, we are choosing between pretty healthy translations!