Not as far as I've been able to tell. Scraping leaves a much nicer finish than any grit sandpaper I've used, and doesn't fill up the pores with dust. Depending on the angle of your hook, you can take off as much or as little as you need to. (I like to set the four sides to 0, 5, 10 and 15 degrees, and then mark them, but I'm sure everyone does this differently) I'm sure all the standard finishing practices apply- it's not going to make pine magically stain without blotching or anything, but it'll get you to where you're going much more quickly than sanding with a block! Depending on how much scraping you intend to do, and how much endurance you've got in your hands, it's also a nice idea to get one of those adjustable holders for your scraper. Not only do you not have to flex the thing with your fingers, but they can get pretty hot after a while.
Aut inveniam viam aut faciam