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I would say no, inasmuch as I don't care how many posts a person has, or how many posts I have. However, I think rank is significant indirectly - as Ilumina said, interactions are affected by reputation and the relationships built up with people. This can only happen by posting. You can't let people know what sort of person you are and make real friendships by posting 100 posts sporadically over 3 years, any more than you can become close friends with someone in real life by meeting them and then seeing them once every 6 months. I also think it's significant, as I think KrunchyFrogg commented - if I notice that someone I know and has been around for a long time (and therefore has lots of posts) gets suspended or banned it's very different than when some foolish newbie comes in and gets banned for being a tool.
But those things aren't a result of having a high rank, they are a result of being a long-time member and being visible and letting people get to know who you are. Rank is just a crude proxy for that.
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