No, it really is not the same as the 110. About all it shares is the ability to take the same small shank barrels and it the same std bolt heads. The bolt is different, trigger assembly is different, action shape is different, ie, it does not fit 110 stocks. There is a difference in how smoothly my Model 12 varmint bolt works compared to my Axis. And the 110 series can also come with the varmint or target triggers, which adjust down to lighter weights than the std 110 series and the Axis.
Having used both I would not use the Axis as the basis for a build. Not heavy enough and lack of choices in stocks and triggers (if you decide on a newer one).
Does the stiffness help? Maybe. If it matters to you then get a model 12 target action. They can come as a single shot with small port.
There are a lot of folks who can shoot much less than 1/2MOA with standard 110 series action. I am not one of those people. If you think you can shoot 1/4MOA and less then it might make a difference. But, at that level it would be even more important (IMHO) to get a Model 12 single shot target action or another custom action.
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