Does writing \emdash versus writing "—" in the source file impact the displayed output?

Does writing \emdash versus writing "—" in the source file impact the displayed output?

[Joel via ntg-context]

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I have been using \endash, \emdash, and \figuredash in place of the various types of dashes in my document, \quotation{} around quotes, etc. so basically the only really punctuation appearing in the tex file are periods, commas, semi-colons, colons, apostrophes, and question-marks. The problem I have is when copying to a tool like Grammarly for grammar checks, these special symbols throw off the grammar-checking tools.

Does ConTeXt render and display these punctuation differently when I write them in the coded form, versus simply writing in the unicode directly?
--Joel

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