It does have an orange/red fiber front sight. I thought about trying a few shots with the standard rear sight before I put on the peep, but in the end decided just to mount the peep, my eyes and shooting work a whole bunch better with a peep sight.

The glow of the front fiber sight in direct sun creates a little halo, seems to make the sight look a little bigger, not ideal for pinpoint shooting, but they sure are nice under low light conditions.