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There is a difference. The latency will be to high and it is not worth it. You should just buy from Europe, it is getting cheaper. There really are new good offers for European dedicated servers on websites like
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and I use their server. I have to say that it was a really good decision because their connection is really stable. I have not had any stuttering or glitches on my website and it is all thanks to their server. They have global servers so you don't have to worry about the location and you can get one really fast. They are giving them for the most affordable prices I have found and honestly there is no downside to their offer.