psfufo2ttf glyf table entries not 32-bit aligned

[bobh0303]

From FontValidator, note W1701:

Error code	Message	Details
P1700	Correct format of loca (0 or 1)
P1704	The number of entries is equal to (maxp.numGlyphs + 1)
P1705	The entries are sorted in ascending order
P1706	All entries point within range of the glyf table
W1701	Loca references a glyf entry which length is not a multiple of 4	Number of glyphs with the warning = 262

Current OpenType Specification for loca table says:

Note that the local offsets should be 32-bit aligned. Offsets which are not 32-bit aligned may seriously degrade performance of some processors.

In the fonttools realm, Behdad seems to think this is no longer needed, and that 16-bit alignment is sufficient. Do we agree?