Yes, but it's only the indicator reading, not the signal strength itself-- in actuality, there's no difference between the old OS and .114 Hybrid as far actual signal strength, IMO. Occasionally, I'll see my meter go to no bars and then full strength. I'm sure it's only in the way their software is gauging the signal levels.
I've seen the exact same issue on one of my bikes, when I changed my gas gauge for an after-market unit, which would read empty when the bike would head into a lean and then full once again when straightened out.