A combined viewfinder/rangefinder is much better for shooting a fast lens or a Telephoto lens wide-open.
In theory yes, in practice... I'd argue it's up for debate.
In reality, when I'm using a combined RF/VF, I find my eye is focusing on the patch while I focus the lens and then I have to refocus my eye to view the whole frame anyway, so the shift from a late Barnack's RF window to the 50mm window right next to it isn't much different. Moving from the RF window to an external VF is a bit of a bigger jump, but you can still do it quickly enough that it's not much of a problem with practice.
Honestly, out of the two scenarios, I'd take the high-mag RF I can make out clearly over a lower-mag RF patch in a combined RF/VF window.
For example, while it's not exactly the longest or fastest lens in the world, I took my 90mm Elmar and a Leotax T2L to a skateboard event in the summer. I was using the collapsible SEROO finder - that gives you a perfect 1:1 90mm frameline, so it's super easy to follow action and frame. I was slightly worried I wouldn't be able to make it work - I was shooting APX 100 and it was a cloudy day, so I was having to swap between f/4 and f/5.6 on the fly throughout the day - but I didn't miss focus once in the whole roll.
Of course, part of that is over-familiarity with both the equipment and the subject, but still. It can be done.
[Edit: I just walked away from my desk to make a coffee after posting this and got thinking about the early Canons with the combined RF/VF and switchable VF magnifications. Some people claim that's an improvement over the separate VF/RF of the early Leicas and the various direct clones - the Niccas, Leotaxes, Reids, etc.; I'd argue in many ways it's worse, if only because the eye relief is so bad and the edges of the viewfinder are so vague that it's a nightmare to frame anything. I end up leaving my Canon IIIa on the 1.5x RF setting and using an external finder for everything - even 50mm.]