Yes they would react the same IMO.
Think about your last sentence for a moment. In your example, impact impulse travels up the shaft - then returns to the clubhead (which must occur if the clubhead/ball is to sense or be affected by anything about the shaft's state) where somewhat less energy is imparted to the ball due to shaft flex,,,
I don't have numbers but this return trip takes way too long compared to the impact duration of .0005 sec.
Very good.. thanks for the opinion.