Yes, among others. E.g. You could put down autoburrowed or immaterial creatures directly on the flood to take advantage of their immunity and leave the unflooded slots available for other non-immune creatures.
I am hoping to promote more field effect usage in general with this (and the narrow bridges card as well). The barrier to that at the moment, of course, is that right now there are few field effect cards and control of what slot a creature gets placed in is difficult.