No. A properly
honed bore is as round and true and they get. The guide shoes keep the stones from removing in the low spots. It goes-drill-ream-bore-hone-lap in order of precision. I use a hone/stone set similar to this for big bore two strokes or smaller bore with large ports. The guide shoes follow the high spots and make the stones do the same until they're gone. It does take an experienced touch to get a two stroke right.
Does that explain it well enough?