Oh yes indeed. For example, here's something I was just working on:

=LET(

  h, ROWS(A2#),

  names, A2#,

  vals, K2:INDEX(K:K, h+1),

  denoms, J2:INDEX(J:J, h+1),

  k, 20,

  groupAvg, SUMPRODUCT(vals, denoms) / SUM(denoms),

  adj, (denoms/(denoms + k))*vals + (k/(denoms + 

  inc, (names <> "") \* ISNUMBER(vals),

  namesF, FILTER(names, inc),

  valsF, FILTER(vals, inc),

  denomsF, FILTER(denoms, inc),

  adjF, FILTER(adj, inc),

  r, ROWS(namesF),

  nShow, MIN(10, r),

  sorted, SORTBY(HSTACK(namesF, valsF, denomsF), adjF, -1),

  TAKE(sorted, nShow)

fyi: if you indent a couple of spaces, you get a <code> block.