When I first started years a go my 1/4 was not a quarter in. They were ever so slightly off. It will make a difference if you want points to match properly. This was on my 100 brother sewing machine; although, it came with a quarter inch foot it was hard to keep the fabric guided in straight and even. Some of this behavior was learning to sew straight.
Then I up graded to a Singer quilting machine which had an adjustable needle position, big help with the quarter inch foot. The I saw this quarter inch foot with a guide. The guide with the moveable needle position greatly improved my accuracy!
I would recommend the investment in foot with the guide, it's worth it.