It does, immensely. That's why we have floating point processing units instead of the fixed point. Think about it: even the single precision FP allows you to have "expected" responses between 10E-38 to 10E38. There are less stars in the observable universe. The double precision FP allows the ranges of inputs and outputs to be between 10E−308 and 10E308: there are only 10E80 atoms in the whole observable universe. Can the response which says how much the rocket is "aligned" be meaningful -- sure it can.
This piece of program catastrophically failed because some input was a just somewhat bigger than before.
Properly programmed components that are supposed to handle "continuous" inputs and provide "continuous" outputs (and that is the specific part we talk about) should not have "discontinuities" at the arbitrary points which are the accidents of some unimportant implementation decisions (leaving "operand error" exception for some input variables but protecting from it for others!).
I can understand that you don't understand this if you never worked in the area of the numerical computing or signal processing or something equivalently part of the "real life" responses, but I hope there are still enough professionals who know what I talk about.
Again from the report:
"The internal SRI software exception was caused during execution of a data conversion from 64-bit floating point to 16-bit signed integer value. The floating point number which was converted had a value greater than what could be represented by a 16-bit signed integer. This resulted in an Operand Error. The data conversion instructions (in Ada code) were not protected from causing an Operand Error, although other conversions of comparable variables in the same place in the code were protected.
The error occurred in a part of the software that only performs alignment of the strap-down inertial platform. This software module computes meaningful results only before lift-off. As soon as the launcher lifts off, this function serves no purpose."