Is "#" prefix actually needed for reference designators in KiCad v6+?

As I understand, the “#” prefix for reference designators was used to tell KiCad that this symbol will not have a footprint associated with it (e.g. a power symbol, a power flag).

In KiCad v6+ there is an “Exclude from board” symbol option. So is prepending reference designator of such symbol with “#” still necessary in v6+?

Explanation from Wayne: Schematic Symbol Exclude from Board

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You might need to uncheck Disable symbol for simulation under Spice Model… as well if you don’t use #.

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