Yes. Nickel alloys retain their room-temperature properties over a far wider temperature range than many stainless steels, which makes them well suited to low-temperature service.
The impact strength (toughness) of many stainless steels drops off at very low temperatures, and they can fail by brittle fracture if shock loaded. Nickel alloys stay far more consistent.
For that reason, despite their higher cost, nickel alloys are selected when a component has to perform a more structural role at very low, or very high, temperatures.