Think about it: do you really expect the amount of vacuum created by the pump will take out even small warps inherent in a disc? A hold down clamp is much more effective in that regard, imo, although even with that the amount of pressure would dissipate the further you get away from the spindle.
Yes, this is basically my experience as well. Significant edge warps on 180g vinyl are harder for the vacuum to "suck down" versus a heavy ring clamp (VPI and Clearaudio's both work very well here). However, for most records, the vacuum does a nice job sucking down small air pockets (over the middle of a record) that can remain even with ring clamping.