Though I'll admit readability suffers slightly.
Even if you aren't in doubt, consider the mental welfare of the person who has to maintain the code after you, and who will probably put parens in the wrong place.
There's some entertainment value in watching people juggle nitroglycerin.
One operator is no big deal. That can be fixed in a jiffy.
I don't believe I've ever cuddled my elses.
So please don't think I have a 'down' on the MVS people. I'm just pulling off their arms to beat other people over the head with.