As long as you keep the fluid level correct it will, as the fluid goes down if you don't add more it will get slightly longer at the end of the pad life, if you add fluid to compensate you have to remember to take that added fluid out when you do new pads, if not you compress the piston the fluid will not have a place to go, if you have the cap off when doing the piston push in on the caliper it will shoot all over the place. Adding fluid is one way or adjusting the pedal is another.
As "dart1963" said, and make sure and put some lithium soap based grease (the "S" in the diagram) on the pad rods/pins or dielectric grease, which you can get at any automotive store, don't use axle grease.
Usually the pad holes that go to the guide pins (rods) are quite larger than the pin/rod, they do that to keep it from binding 'cause of grit, dirt or debris.
Here is front brake if you ever need it.