IT may do yes, I just used this as I was going on the fact 48 outer ring seem to be found mainly on subcompacts. Basically I can't really usefully push a 50 outer ring for any length of time, and I don't encounter any big hills very often, hence no need for a <34T inner.
+1 for 48/34 and no doubt tester is stronger than I.
Surely tho 'sub-compact' indicates a small ring of <34T such as used in the recent Shimano GRX chainsets?