Floating Point 's Issue

I was in a little research related to the loss of significance of the
Floating Point.

http://en.wikipedia.org/wiki/Loss_of_significance

After, i looked for other options to the floating point, here is one.

"The Residue Logarithmic Number System: Theory and Implementation"
Mark G. Arnold - Lehigh University

"Circuit Design Residue Logarithmic Number System (RLNS) Using the One-Hot
system"

Now, because, you, people, are in the area of compilers, I have 2 doubts:

1) Is there some place where accuracy play a very very very important role?

2) Does this issue have a real importance in the development of a Compiler?

...or simply it's more like an if-it-works-don't-change-it thing?

:D
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