Yup they do... Id also put air mode on a switch. If you land hard you get tossed in a random direction when it spikes to react and its possible if you land too close when this happens the quad can jump up n try to eat your face while you can not see with the goggles still on your head. Well that or neuter you if you stand to fly.
I put arm on one switch, then on a 3 pos I have horizon mode as default, acro mode in middle for racing and landings, then acro with air mode in the third position for freestyle. On the other 3 pos switch I have profile 1 that has rates and pids for whoop mode / cine flying, switch two has rates and pids for racing, and pos 3 has rates n pids for freestyle. Then on another switch I have my light for my radio and then fully down is the beeper for the quad.