Does a user with the Recruiting Manager security role also need Hiring Manager?

Summary:

I understand that Hiring Manager allows for managers to be able to access their requisitions and perform actions on candidates whereas the Recruiting Manager role allows users to go beyond candidate actions and allow for other various recruiting activities BUT does a user (who does not have direct reports) lose any functionality if they are ONLY assigned Recruiting Manager?

Content (please ensure you mask any confidential information):

Version (include the version you are using, if applicable):

26B

Code Snippet (add any code snippets that support your topic, if applicable):