No it doesn't. Although the MSFS flight model system is rather lacking in many areas, the F-16's model is correct to available NATOPS data. Although an immensely agile
aircraft, expecting it to handle like an arcade plane will result in an argument with the ground that you will not win. Control and smooth flying is far preferable to
just yanking and banking and expecting the airplane to behave the way it does in an airshow - there's a reason it takes years to train a fighter pilot.