it should help your ears understand what you're dealing with, but it won't necessarily help you UNDERSTAND the sound design.
You can twittle a knob and not know what's going on, just as much as being deliberate in twisting the same knob and know what's happening.
Quite honestly, the biggest thing you should study is recording history and techniques as a foundation for your electronic music production.
that will give you a solid ground to spring board with any synth or source you're using.
Synth design is cool and all that shit, but it's the processing that REALLY makes the sound shine.
some of that stuff doesn't really apply to mixing, but if you didn't have a recording, you wouldn't have a mix.