No, numbered references a much clearer to follow and are the de-facto standard for a great many journals. Many university departments also require numbered references.
Clearer to follow? When you are handing a piece of work to a professor who pretty much knows every paper written on the subject off by heart, or at the very least every author of any relevant research paper, you think its clear to follow?
And it has nothing to do with word counts because references aren't counted as word counts.
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