I would say "No!" but it is not a firm "No."
Background: We need a certain thickness of the blade so that we can apply tension and so that when we hit a knot, the blade will not break. Further, we need the teeth to cut a little bit wider than the blade thickness so that the saw will not run. Note that when we cut wood, some of the wood cells are compressed slightly and then immediately springback. So, without any set to the teeth, the blade will be tight. But we do not want too cut too wide either...but too wide is better than too narrow in spots.
You specifically ask about the 1.5" width. The wider the blade, the less likely that the blade will wander...that is, the back steers the blade. However, a narrow blade can bend front to back more easily (absorbs the energy) rather than side to side, so overall a narrow blade often cuts more accurately.
You can get a blade, and may already have one, that leaves a very smooth surface on the lumber. This means less planer allowance is needed, which in turn means that you can reduce your green thickness slightly. Further, with a blade that runs true and cool due to excellent sharpening and mill set-up, you will have less variation in thickness due to the saw blade variations. Overall, an excellent blade could save 1/16" in green target, which is roughly 5% increased yield for 4/4.
Having said all this, it is exciting and unusual to have someone ask a question about yield and efficiency, rather than production speed. Keep thinking in this way.