Sure. And there may even be people who have had the reverse, but correlation doesn't imply causation. The dehydration isn't caused from wearing a coating, it comes from the frequency of removal, the length of time in solvent for removal and other influencing factors like general nail plate condition and what efforts each use to keep their nails in good condition between appointments.
The nail plate is very porous to allow moisture to move freely from the bed to the surface. Oils "block" moisture in and thus "moisturize" by preventing the moisture from evaporating or being removed from hand washing (and other dehydrating effects). All nail products from polish to hard gels are less porous than the nail plate. While wearing a coating, the nail plate can increase in moisture content more than 17% depending on the porosity and frequency of removal (and dehydration).
It suppose you could theorize that Bio may be less porous than Shellac (I really have no idea) which could lead to a larger build up of moisture between soak offs, but I think that is splitting hairs. The real culprit to dry nails from any Gel Colour service is directly attributed to the frequency of removal, the amount of removals the client has experienced, how gung ho the tech(s) have been in the past in removing and the overall health of the clients nails.
I suspect if you were to take the same "virgin" customer (if you could get them to do this) and do one hand Shellac every 2 weeks for 4 months and one hand Bio every week for 2 months (and don't damage the nail in either application and remove both fully) that both hands would be pretty much exactly the same.
HTHs