The dialectic material of a pc board (usually glass-epoxy) does not load down any but the highest of impedances.(many megohms) So if we view traces in comparison to wires traveling thru open air,(PTP), until you get to some very high freq's , as Tektronix learned years ago when they tried to etch "capacitors" using traces, it's not much different, electrically.
Further, you can do as many dumb layout mistakes with PTP as PCB's.