Yes, it made a worthwhile improvement in my steaming setup. In my case I place optical between server and Usb renderer (Sotm sms 200 neo, powered by Uptone Js-2 lps). Use two TP Link MC200CM, both powered with LPS for the conversion.
Optical conversion galvanically isolates from ground noise on ethernet. Result, blacker background, higher resolution thing.
I've found optimizing streaming is complex undertaking, steaming setup much more complex than my analog. I used Audiophilesyle forums as my guide for setup, steaming now preferable to my pretty nice analog setup for sound quality.