lol... no. CFW is CFW. sys just means, not using emunand.
Yes, booting into syscfw and installing a newer one, will not burn fuses. But you can't access eshop or anything unless you are on the LATEST, and I've heard (not looked into the truth of it) that there are file system incompatibilities between the latest and 19.x, so you won't be able to safely downgrade from there. And in all actuality, downgrading with an old backup CAN get you banned, because your logs on Nintendo's side are probably newer than the logs on your backup.
Booting OFW with a newer firmware, is what will burn fuses. Period.
IMHO, there is zero reason to not keep your sys on latest anyway. You can keep your emunand lower if you need to because of homebrew that hasn't been updated, or whatever...