Nor should it.
Switch() is not a good choice for boolean evaluations. You are overloading your formula with the Switch method which is suited for many possible values. Booleans, on the other hand, are binary values and performant operations can occur well inside the lighter and more efficient IF() formula.
> As it turns out, the switch statement is faster in most cases when compared to if-else , but significantly faster only when the number of conditions is large. The primary difference in performance between the two is that the incremental cost of an additional condition is larger for if-else than it is for switch.