Yes. I am still new to the lifestyle, but I would be happier knowing that I wasn't going to be inflicted with pain.
But I do think there are different levels/layers when it comes to pain and bondage. For me, there is an appeal of having force used against you - being cornered, pinned down, shoved a bit, grabbed by the hair even, etc. I view this as being wholly different from spanking, caning, etc. For me, spanking is a punishment and NOT something I enjoy. My Dom enjoys doing it even when it's not a punishment, and it's something I struggle with because it conjures feelings of guilt and/or doing something wrong even when I'm doing exactly what he wants/says.
But, in the context of punishment, it isn't something a submissive necessarily wants, otherwise it wouldn't make a very good punishment.
Bondage, on the other hand, I view a bit differently. For me, it just adds another layer to things. While I'd have to trust the person completely before using it, bondage would be a way of giving up control and showing how much I truly trust the person I'm with. Especially for me, as I have a very hard time trusting someone completely like that.
Obviously everyone will fall along different places on the spectrum, some won't like pain at all or view it strictly as a punishment, others might not be able to imagine a relationship without regular use of bondage and/or infliction of pain. Most of us will probably fall somewhere in between.