Hi thatONEguywhoknowsstuff
Not really. Studying your Bibles mean that you more than just read your bible, it involves the examination of what you've read.
As far as languages each bible version says the same things, for example, you read John 3:16 and although some differ in word choices than others, the message is not at all lost.
The differences lies in readability as some versions are more literal and others more readable. The literal versions, or Word-for-Word versions strove to have an English translation of the bible as close to the Greek as possible, but at a cost of readability which soon gave rise to "Thought-for-Thought" versions beginning with the NIV.
You can say that an explosion of Bible versions came after as each one wanted to create the bible as easy to read as possible which unfortunately causes the rise of very silly versions. The latter versions are not really bible versions but paraphrase as it is really a translation made up of what the Pastor thinks the bible says. They may be correct, but it is still a paraphrase bible.