Leupold didn't for me. Offered a discount, sure, but did not replace a two year old unit whose LED display was slowly disappearing. That was a 1000 yard model. Have a 1200 yard model now my wife uses, and I now have a Vortex. Side by side the Leupold is a far better unit, but that warranty, though.That lifetime warranty does add a lot of value to your purchase.
Even if what you send in for repair and can't be repaired a good company will replace it with a product of equal or greater value. I have seen this on both Leupold and Vortex.
I think that you are making a good move.