It does when it's dry. But it's a great amendment for water holding capacity. I also understand peat moss can become hydrophobic when too dry. I'd assume that's why you said you're using a wetting agent in your first post.
If your pots really are drying out in that time, then maybe extra aeration isn't necessarily needed.
I am still leaning toward acidity, or overfert myself. But perlite is a lot better than vermiculite for aeration, unless you want extra whc as well.
That case thare really isn't anything wrong with a little of both imo. It drains better too.