no, he doesn't.
you just can create a switch layer and put inside it different vector layer with the same number of points to make something like morph.
(you must be sure that the "interpolate frames" be on)
mmmm...
ok, if you want, you can make morphing by your self...
yes, the possibilities that have your self are infinite, it's just thing of propose it. and, you know, moho is too a frame by frame animating software (if you want).