Greetings,
yes, with Viewpoint you can handle complex distortions which are otherwise way hard to fix, and especially not within a "simple" lens profile for a specific lens given by adobe, for instance. i use viewpoint from time to time to fix some wideangle shots, and/or architecture, which would be way complicated to do it "by hand" within PS or something else.
another great (and way) lens distortion (without the ability of dxo viewpoint) is Tom Nieman*s LTLens, which could be download as trial via his website here:
http://epaperpress.com/ptlens/
here are some examples given by PTLens:
http://epaperpress.com/ptlens/distortion.html
you'd see that it handles the usual lens distortions much better then PS itself, the
plugin is useable as standalone, or inside PS CS4/5/6 & CC, and even older PS versions, it got it*s own 32 and 64bit installers.
it works also inside the cheaper Adobe Photoshop Elements as a plugin, too.
i'm using that Plugin for ages, and being happy with it, too...and it costs only
$25 for a life-time license, so all further upgrades are free, once you buyed a license...you can't beat that, simply.
Besides windows, PTLens is also avialable as a MAC version. Tom answers usually fast support questions, for instance some weeks ago i asked him why my Sony Alpha A3000 body wasn't supported, and he updated PTLens way fast, so i just downloaded the Plugin again and my A3000 was from that on supported.
have a nice sunday, guys.
marc