Logging in to an account I apparently made several years ago just to add on:
No. This isn't intuitive at all whatsoever. I understand what FerretBomb is getting at, but just because it makes sense to a programmer doesn't mean it makes sense. Computers count from ZERO - if you have 16 of a thing and ask a computer how many you have, it may just tell you there are "15" of the thing.
As an artist, Alpha HAS NEVER EVER EVER EVER AT ALL been EVER considered part of the color AT ALL, PERIOD. It is not how light works, it's not how paint works, it's not how our eyes work, and it's not how artists conceptualize color. It's ONLY how computers CALCULATE color from the otherwise flawless RGB color space.
AT BARE MINIMUM, the feature should at least say so in its name that it impacts opacity too, because personally, I conceptualize transparency as a transformation. That is, my intuition was to look for int in the "transform" menu, because the intent is to TRANSFORM how the image looks, not to "correct" its color, which was otherwise fine.
So yeah no, it's not intuitive to put opacity in something called "Color Correction" and we all seem to be unanimous -1 on this.